Monday, October 1, 2012

Trader Update -data point 2 October 2012-

...consolidation/accumulation in the 24 August 2012 High *1426.68_7 September High *1437.92 will keep the bullsh outlook alive in the the SPX 500 market  - but note! for the last 14 days, institutional investors have continued to reduce their exposure and currently run neutral in the market - by the way, small caps upside remained rather subdued on attempted rally moves for the last 14 days
...the VIX keeps the *14 bottomline leaving this bull in the weak box compared to rally moves during the 2006/2007 bull ticking along between *9_*14 a result, -CAUTION- a VIX trading up past the *18 level with a SPX 500 market unable to support *1440 would signal further weakness ahead as institutions, fund managers, money managers would keep pushing for lower entry levels
Kind Regards

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