Wednesday 25 July 2012

12pm update - weak market

Mr Market remains pretty mixed, the dow and rus'2000 keep flirting with green, and yet there really is nothing bullish out there now. The fact that even AAPL missed is again a reminder that the US is slipping into recession.


sp'60min


Summary

Weak market!

Holding short..target...1325....could come later today by the close with VIX'22.

Will hold overnight..target sp'1310 for the Thursday open. 'best bear case'.
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Stay tuned.