1pm update - continued minor chop

The broader market remains choppy, but there is certainly lots of interesting action going on. The momo stocks remain weak, with TWTR -6.5%. The shippers are stabilising after an early spike high - DRYS in the low $5s..now $4.80s, but set for the $6s by mid Jan.


sp'weekly'8

RIG, weekly

Summary

*I remain heavy LONG RIG, having added last Thursday in the 47.30s. I am seeking an exit next Friday in the 52/53 zone. Longer term upside looks to be the 70s though.
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So.. a choppy market, but at least its not a boring end to the week!

I've not watched a minute of clown finance TV yet today, did I miss anything?  ;)

TWTR now -7%...ohh the humanity!


VIX update from Mr R.


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