Tuesday 12 August 2014

2pm update - tedious weak chop

US equities remain moderately weak, but price structure remains a very clear bull flag on the smaller hourly cycle. VIX is not reflective of any sig' market concern, and market looks set to climb into the sp'1950s tomorrow.


sp'60min


Summary

...little to add.. on what is a very quiet day.

Today is a good opportunity for anyone to re-position..whether.. long or short. There can be no excuses for complaints tomorrow!
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Notable strength in the Ocean transports, DRYS +3%, EGLE +9%,