Friday 11 September 2015

1pm update - positive indexes

Equity indexes have turned positive. with the sp'1939 morning low fading away. A daily close in the 1960s looks very viable, and would make for a net weekly gain of over 2%. VIX is naturally now a touch negative, and set for a weekly close in the 23s.


sp'60min


Summary

Yet another higher low.. now its just a case of breaking >1988.. then 1993.. and into the 2000s next week.

As many recognise.. there are a great many aspects of resistance from 2000 upward.

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I remain long DIS

DIS'60min


Daily cycle is offering the 106/108s by next Wed/Thursday, but I will likely drop DIS into today's close if the $104s are hit. I'd like to lighten up on the long side!