Monday 7 October 2013

1pm update - quiet afternoon

The main indexes are moderately lower, with the sp @ 1681. VIX is higher by 10% @ 18.50. Equity bears need a renewed push lower into the close, with sp'1660s and VIX 19s. Metals are higher, Gold +1%, with Silver +2.8%.


sp'60min


Summary

The open was kinda interesting, but really, these sort of declines just aren't that much.

How can anyone get even remotely bearish with this sort of price action? There simply isn't much here for the bears to get excited about.

--
*I'm tired of meddling with the indexes, and will probably leave them alone for the rest of this week..if not the month.