Wednesday 23 January 2013

12pm update - sleepy lunch

Market seems to have lapsed into sleep mode. VIX is flat lining. The only marginally interesting aspect is that the metals are offering a possible rollover in the coming few days. 


sp'daily5



vix'daily



Summary

Another tiresome day of...largely nothing.
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VIX daily MACD cycle IS still ticking higher. If we're going to see at least a little spike higher, then it'll more likely come Friday/early next week.
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GLD, stuck under the 50 day MA


A fifth wave lower, before major up into the spring?