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Market Update

randholm
July 10, 2014 9:51 am / Published in Market Update, SPX, SPY, VIX

Market Update

 

 

The market rapidly discounted the News in Europe and the Fed Minutes. Banco Espiritu Santo is having accounting issues which spread to the market in Europe.

 

The US Markets opened with a gap down however for some reason my algorithms are reading buying pressure. Maybe are short players coverings its positions for the week.

 

 

Market Internals – it seem we could test new lows today. There is not large players buying yet.

 

VIX long term chart

 

 

 

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