Intraday Market Thoughts

Archived IMT (2010.03.04)

by Ashraf Laidi
Mar 4, 2010 18:01

Daily VIX chart shows signs of a possible rebound from an oscillators perspective, which are consistent with previous rallies (4 green circles). A rise in the VIX implies a pullback in the S&P500 along with most equity indices. Integrating the peaking signs in the Aussie and the CRB as well as the bottoming process in the VIX, these dynamics may just be suggesting a deterioration in risk appetite emerging from Fridays US jobs report, which would refuel USD longs at the expense of equities, energy, metals and all European currencies.


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