Thursday 18 December 2014

11am update - holding strong gains

US equities remain extremely strong, with the sp' holding the 2046/35 zone. VIX remains in cooling mode, -10% in the 17s. A weekly close in the 15/14s remains probable. Metals are cooling from the open, Gold +$5. Oil has again lost the opening gains, now fractionally lower... -0.1%


sp'60min


sp'weekly7


Summary

*weekly 'rainbow' candle turns from red to blue... not sure when it'll turn green... regardless.. we have a turn
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No doubt a few will be getting overly excited about a move from 2046 to 2039.. but really... there is total clarity on where we are headed.

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laughable highlight of the morning.. the Cramer on clown finance TV 'I wouldn't chase it' (from sp'2030s) Well.. maybe he'll start to get bullish again in the 2100s next month?
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time for lunch... maybe