sp'daily5
vix'daily3
Summary
*black candle on the VIX, with a fail-spike...not a good sign for equity bears.
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For the bears, this is simply another major disappointment, yet...we've been here a hundred times before.
It is kinda hard to guess if the market will manage further strong gains on the eventual news of an agreement. The bullish outlook would suggest 1740/60s within 2-3 weeks.
I realise many are looking for a turn at that point, yet...I see little reason why it can't keep going from there...into spring 2014.
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*USO is going really well, underlying strength, even apparent in overnight action. Should be good for the mid 37s, as early as tomorrow.
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stock of the day..NFLX.
The hysteria returns in full.
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1.15pm... sp'1706...bears will be throwing bricks at their screens about now.
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