VIX'60min
VIX'daily3
VIX'weekly
Summary
*a net weekly decline of -23.0%.
--
Suffice to add, VIX is now sustainably in the mid teens... sub teens look due at some point before year end, not least if sp' breaks >2134.
--
more later... on the indexes
Friday, 20 November 2015
VIX cools into the weekend
With equities closing moderately higher, the VIX remained in cooling mode, settling -8.9% @ 15.47. Near term outlook threatens a minor equity retrace, but regardless, the key VIX 20 threshold now looks out of range for some considerable time.
VIX'60min
VIX'daily3
VIX'weekly
Summary
*a net weekly decline of -23.0%.
--
Suffice to add, VIX is now sustainably in the mid teens... sub teens look due at some point before year end, not least if sp' breaks >2134.
--
more later... on the indexes
VIX'60min
VIX'daily3
VIX'weekly
Summary
*a net weekly decline of -23.0%.
--
Suffice to add, VIX is now sustainably in the mid teens... sub teens look due at some point before year end, not least if sp' breaks >2134.
--
more later... on the indexes
Closing Brief
US equities closed moderately higher, sp +7pts @ 2089 (intra high 2097). The two leaders - Trans/R2K, settled higher by 0.3% and 0.7% respectively. Near term outlook offers threat of a sporadic minor retrace, but broadly, new historic highs in some indexes look probable before year end.
sp'60min
Summary
*closing hour action: minor chop, a touch of weakness to 2084, but then battling higher.
Price structure is a clear baby bull flag.. bodes for an opening gap higher on Monday into the 2100s.
--
... and another week comes to a close.
Having fallen 3% last week.. and here we are.. net higher by around 3%. All those still touting a broadly bearish outlook... really... still?
The broader trend IS bullish.. or maybe you'd like to short AAPL, DIS, BAC, or INTL?
Have a good weekend
--
*the usual bits and pieces across the evening.. to wrap up the week.
sp'60min
Summary
*closing hour action: minor chop, a touch of weakness to 2084, but then battling higher.
Price structure is a clear baby bull flag.. bodes for an opening gap higher on Monday into the 2100s.
--
... and another week comes to a close.
Having fallen 3% last week.. and here we are.. net higher by around 3%. All those still touting a broadly bearish outlook... really... still?
The broader trend IS bullish.. or maybe you'd like to short AAPL, DIS, BAC, or INTL?
Have a good weekend
--
*the usual bits and pieces across the evening.. to wrap up the week.
3pm update - a week for the bull maniacs
Regardless of the exact close, it has been a powerful week for US equities, with most indexes set for net weekly gains of around 3%. With the USD +0.6% in the DXY 99.50s, the metals are under pressure, Gold -$5, with Silver -1.0%. Oil has seen a sharp swing lower... -0.2%
sp'60min
USO'5min
Summary
*re: oil... those gains of 2.0% sure didn't last long, set for a net weekly decline of around -1.0%
--
Short term.. its a mixed picture in equity land, price structure remains a clear baby bull flag.. but the hourly MACD cycle is turning negative.
Broadly though... new historic highs are on their way before year end.
--
notable strength...
NFLX, daily
--
.. the entire series will be available at midnight. I'm not sure whether I can manage 13 hours of TV this weekend, I'll give it a damn good try though.
--
Meanwhile... CMG is having problems with E-coli.
A pretty fierce afternoon collapse wave of 9%... trying to find support, but on the broader daily chart.. next support is not until the gap zone of $475/450.... which is clear 10% lower.
--
back at the close
sp'60min
USO'5min
Summary
*re: oil... those gains of 2.0% sure didn't last long, set for a net weekly decline of around -1.0%
--
Short term.. its a mixed picture in equity land, price structure remains a clear baby bull flag.. but the hourly MACD cycle is turning negative.
Broadly though... new historic highs are on their way before year end.
--
notable strength...
NFLX, daily
--
.. the entire series will be available at midnight. I'm not sure whether I can manage 13 hours of TV this weekend, I'll give it a damn good try though.
--
Meanwhile... CMG is having problems with E-coli.
A pretty fierce afternoon collapse wave of 9%... trying to find support, but on the broader daily chart.. next support is not until the gap zone of $475/450.... which is clear 10% lower.
--
back at the close
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