Friday, 2 May 2014

11am update - minor snap down

A minor (if sharp) snap lower in the indexes from sp1891 to 1880....with the VIX flipping back to positive. Metals snap higher, Gold +$8, Silver +1.9%.




It would seem the market is getting a little twitchy on news from the Ukraine. 

As ever though, this does nothing to the broader trend.

time for lunch.

11.27am Minor weak chop. The real action is in the metals, with Gold +$16, and Silver +2.7%, pretty big turn around  there.

Despite the brief upset over the Ukraine story, VIX is only +1%..not exactly it?