Thursday 26 July 2012

12pm update - time for the bears to play

Market snaps higher on utter nonsense, yet the underlying weakness - via the daily, weekly, and monthly index charts is showing through once again.

Its time for the bears to come out and play...




sp'60min



vix'60min


Summary

VIX is confirming the weakness, and its very viable that VIX will close green, with indexes close to red.

It really could just be one of those 'stupid' days, that we get in this casino.

So..we've had the Tuesday 3pm 'Fed chatter' mini ramp...and now the Thursday morning 'Dragi..I'll do anything' ramp.

Whats in store for Friday?

Stay tuned!
--

ps. everyone loves Panda bears, right ?  ;)