Tuesday 19 August 2014

12pm update - grinding the bears to dust

Today is day'8 since the sp'1904 low, and it makes for a gain of 3.5%. There is nothing of significance due to stop the melt until the FOMC minutes (due Wed' 2pm). Metals remain weak, Gold -$4, whilst Oil is -0.4%.


sp'60min


Summary

Little to add, on what is a very subdued day of algo-bot melt.
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time for lunch


12.11pm... AAPL hits $100.... and VIX slips into the 11s.

It sure is quiet out there.....
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12.27pm.. No VIX update from Mr T. Is optionmonster crew all on holiday?

I'm seeing some good finance videos, will highlight them later in the evening.

Notable strength: AAPL +1.2% @ $100.30


12.33pm... and here are the 1980s...urghh

In theory... hourly cycle is offering 1990s at the Wed' open..and 1995 by the FOMC minutes.

A market test of 2000 tomorrow at 2pm...and then a sub'2 wave into early next week?