VIX have plummeted, and are now trading at 13,04. It simply tells us that there is no fear out there. Indices are setting new ATH, but Dow seems to be a little bit calm. Asian markets are up today. Nikkei rose to a three-week high and added 0,9% to 14,693,57. The highest since Sept. 27. The Topix advanced 0,6% to 1,212,36.
Google is for the fist time above 1000 dollars. Shares gained 13,8% and ended the trading session at $1011,41. Google`s earnings rised the S&P technology sector to outperform all other sectors. It rose 1,8%. Now it is time for Netflix and Apple. I look forward to see their earnings. This is money machines and they should beat the numbers, and that will make the momentum to continue this week.
U.S debt is now $17.075 trillion. That`s a lot of money, but I`m glad we can focus on the earnings now and not the debt. 62,2% of the 98 companies that have reportet earnings so far on S&P 500 have topped Wall Street`s earnings expectations. I look forward to the earnings this week.
5,57 billion shares was traded on friday and that is slightly above the average. Gold is back above the support level at $1300. If gold is not the safe heaven, VIX should be the new one. Right now VIX is closed at 13,04. News today: Existing Home Sales at 10:00am.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Ket Garden
Shiny bull 