Monday, August 25, 2014

More Ukraine, Less Reaction

A week ago Friday news that Ukrainian forces destroyed a Russian armored column entering their territory as reported by two reporters in tweets, sent the market sharply lower on escalation fears which turned out to be nothing within a day or so as no proof was ever given.

That may be why the latest reports this morning coming from Ukraine of two Russian tanks being destroyed inside Ukraine and two Russian crew members being captured has caused little response from the market, simply no one believed the rhetoric from Ukraine any more.

This morning's NYSE TICK has not reacted to the news that just broke  about 30 mins. ago, instead though we have a flat-line tick consistent with a lateral trend/reversal process.



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