Thursday 7 April 2016

10am update - opening declines

US equity indexes open moderately lower, with the equity bear flag and VIX bull pennant being confirmed. In theory, the market should broadly decline across today, with a viable close in the sp'2030s.. along with VIX 16s. Metals are catching a distinct fear bid, Gold +$18, and Silver +1.7%.


sp'60min



VIX'60min



Summary

*opening VIX candle is currently a problem.
--

Suffice to add, an interesting open.

Now its a race. Equity bears should push hard for the sp'2030s with VIX 16s by today's close.

-
notable strength... miners, GDX, daily


With the precious metals on the rise, the related mining stocks are strongly higher.. as has been the case since December.

--
time to cook


10.24am.. VIX breaks above the opening black-fail candle... so.. that problem is at least resolved.

Now its a case of how we close.

Sure seems quiet out there today, anyone else awake?