The week has been pretty volatile. SPX closed below 2000, and the VIX jumped to 14.27 before closing at 13.31. The S1TH lost 11 pts, going from 84 % to 73 %. Two out of three supportive indicators remains positive, so this market remains "tradeable"
Interesting week ahead, things i will keep my eye on :
- Scottish independence & GBP
- Alibaba IPO & YHOO
- Initial claims
Cheers
Algo