Wednesday 8 April 2015

2pm update - time for some fedspeak

US equities are looking vulnerable ahead of the latest FOMC minutes. A daily close under the 50dma of sp'2074 looks very viable, along with VIX 15s. Oil remains exceptionally weak, -5.4%, whilst Gold is -$5.


sp'60min


sp'daily5


Summary

... awaiting the press release.. from Print central.
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If a daily close <2074... then next level is 2060.

*I see a few are still mentioning the sp'1950s for this month, and whilst that IS indeed offered on the bigger weekly cycle, it looks highly unlikely.. as the general market mood remains pretty confident.
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notable gains.. AA +2.1%.. ahead of earnings.. due at the close of today!


2.02pm.... Mr Market is not happy at the press release.... back to sp'2077.... a daily close in the 2060s would be really useful to the equity bears.

Eyes to the VIX... 15s for the close would give some clarity for remainder of the week.



2.11pm.. sp'2073.... its pretty decisive now... the rats are unable to clear 2088 after a week.... another attempt to break 2039 is back on... again.

VIX set to turn positive.


2.16pm.. Err.... hyper-spike floor... from 2073 to 2082.....  someone just hit the big BUY 1 million ES-mini button?

Metals not impressed though, Gold -$10     Oil still -4.9%


2.24pm... It remains a real mess... after a crazy ass swing from 2073 to 2085 in a matter of a few minutes.

Typical turn time is approaching... algo-bots are churning equity traders to pieces yet again.

VIX getting smashed, -6% in the 13s...