Friday 19 April 2013

10am update - messy open

The indexes open weird, with a micro flash lower - although the index ETFs opened higher. Clearly, not everything is working okay this morning. After that initial drop, most indexes are now moderately higher. Hourly charts are highly suggestive of upside into next Tuesday. VIX is lower.


sp'60min



vix'60min


Summary

So...a 'broken' open for the indexes..see this 1min chart...


The SPY ETF was suggesting +3pts...and you can see the sp' index itself finally corrected itself after a few minutes. I wonder if anyone got stopped out on what was an incorrect open.

*seeking a Friday close, sp'1550, with AAPL @ $400

Lets see those market makers do what they do best...FIX the opex price levels.