Monday 21 September 2015

11am update - building gains

US equities continue to build gains, as equity bears are once again systematically ground out of the market. VIX is reflecting a market that is trying to resume 'normal service'... but the bigger weekly/monthy cycles remain utterly broken. Nothing has changed since the August break.


sp'60min



Summary

*I've adjusted a fair few charts today.. merely to reflect a higher low.. rather than last Friday's marginal break.

The point is... we do look headed higher into Wed/Thursday.... and it is from the 50dma (2030s).. that a sustained move to the downside will be more viable.
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notable strength.. AAPL, +1.2%


I'd like to short AAPL from the 116/118 zone.... when sp'2030s. For now.. its one to merely watch.
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time for an early lunch... back soon