Monday 24 November 2014

11am update - VIX in melt mode

US equities remain moderately higher, and there is little reason why the bulls can't claw generally higher across this shortened 3.5 day trading week. Energy remains weak, Nat' gas -3.1%, whilst Oil has turned fractionally higher, +0.1%.


VIX'daily3


Summary

VIX remains in classic melt mode.. and it does not bode well for anyone seeking even a minor retrace to the giant sp'2000 threshold.

Notable strength, INTC, +1.5% @ $36s... headed for the 50s...(given 6-12mths).
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