Sunday, 19 June 2016

Stock Market Targets, VIX And Market Breadth - Mixed Picture

The US stock market index's, VIX and market breadth has a mixed picture

The VIX is showing bullish for the US index's, according to the oscillator
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S and P 500 market breadth still showing weakness

The Dow Jones Industrial Average isn't above all time highs but is indicating bullish patterns.

The Russell 2000 is still bullish.

The S and P 500 is a mixed bag.... It broke below the support line. Not sure what to make of it.

The bond market looks bullish, however, not doing anything with it right now. I'm eyeing up some put options perhaps around July / August. One thing that I've been looking at this weekend is the hammer on the candle stick, not sure if this is the high.

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