Tuesday, September 6, 2011

Trader Update -data point 7 September 2011-

Market Internals:
VIX Close_< 31 first cautious signal the market ready to continue the bull trend
VIX < 29.3 a strong positve for the market
VIX Close_37 Tuesday 06 September 2011- hardly inspires confidence

Trader Update:
Hedged *1378

...for the time being, the market respected the *1136 support with an intraday Low *1140 - futures moving higher reaching out into resistance current *1178_*1185 - potential to move ahead reaching out into current *1220 based on *1168 holding as support

Kind Regards

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