Tuesday 23 December 2014

12pm update - 984pts in 5 days for the mighty Dow

Today is day'5 of the latest hyper-ramp, with the mighty Dow having climbed almost a full thousand points since the Tuesday close of 17067. There looks to be another 125/150pts before year end, equating to sp'2095/2105... along with VIX 12/11s.


Dow, monthly


Summary

*I thought a brief reminder on the bigger monthly cycle would be useful for this lunch.
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In terms of the Dow, for the equity bears.. it most pretty bad to see only 3 negative monthly closings... and only January even rated as significant.

December certainly looks set for another positive close... somewhere in the 18100s.
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Oil is still building a floor...

USO, daily2, rainbow


The sixth blue candle.... awaiting the first green... which seems highly likely within the next few days.

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VIX update from Mr T.


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time for a long lunch..... back at 2pm