The VIX is showing a downward slant,but still around the thirty Dollars shows the market is still nervous..The Euro has shown some strength in the last couple of days and I feel that there is hidden strength there.
Still the market is likely to be volatile a while longer.The Europeans are quite a conseravative bunch and don't like to reveal how much support they can still give.
Do have a look at trading books available in past blogs as they are very good and at those available in the Amazon store.
When it comes to the stochastic on our local shares we find that most are bumping along the bottom and some have made false starts before returning to a negative trend again.It would seem as if put options would be the place where the best results would be.Never make a trade without doing your own research.
MTN has reached the top and might also present a shorting opportunity as it is always driven by rumours which generaly fail to materialise. REMEMBER ALWAYS TO KEEP STOP-LOSSES IN PLACE IN CASE A DERIVITIVE DOES NOT BEHAVE AS WE THINK IT SHOULD ,
Bank shares are proving to be directionless of late and it might be better to leave them alone till later.
The mineral resources although mostly at the bottom of the stochastic are waiting for their resource prices to increase and with China also hesitating at the moment it is difficult to decide what to do
