Wednesday, January 25, 2012

Trader Update -data point 26 January 2012-

...the SPX 500 index advanced further leaving the 19 to 24 January 2012 congestion High *1322.28 behind - ticking along steady, adding another multi-month High *1328.30, just shy of the 27 July 2011 High *1331.91 - the immediate attraction is to take the 27 July 2011 High *1331.91 out to challenge the 26 July 2011 High *1338.51
...the VIX Close *18.31 stayed  below the bullish *19.63 level
...the index continues to trade deeper into overbought territory with risk of a bearish strike increasing - as a result, 75% capital protection *1301 in place

Kind Regards

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