Friday 11 December 2015

1pm update - the November low fails to hold

With the Nov'16th low of sp'2019 failing to hold, the door has opened wide to further downside... to the 2000/1990s... which will likely equate to VIX in the 25/28 zone. Oil continues to keep the market under pressure, -2.8% in the $35s.


sp'daily5



VIX'daily3


Summary

Q. So.. what are the maniacs at PRINT HQ thinking right now?

We're now set for a net weekly decline of almost 4% for some indexes... as the Fed are now facing market pressure to back out.

Unquestionably though... if they back off again... the outcome would be likely far worse than raising.

What a gods damn mess!
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notable weakness.....

CHK -8%
DISCA -4%
FCX -5%
SDRL -6%
UAL -4%
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 stay tuned