The SP500 opened with a major gap down and below the psicologial level. We had a GAP FILLED during the entire day and now we are at yesterday open.
There is a lot of fear in the market ad it seem that profesional don’t want to get large trades at this leves. We are still below the R1 n the chart and that is not good.
January is going to be the first red month is a while – chart below, which is not a good start for 2014. I am positive many people like us, were taking profits at this levels.
The VIX trade higher from the open but quickly felt down to the 18 level. There is fear in this market.
The USD gain quite a lot of strength vs the EUR moving to R3 showing.
GOLD – we like gold short, but it seem I cannt find a short entry. On the other hand, the algos are giving me mix signal and there is a lot of risk at this prices.
