Wednesday 4 June 2014

10am update - minor opening weakness

US indexes open a little lower, but it is certainly nothing of significance. Even the R2K is holding together reasonably well. VIX is battling to hold minor gains of 2-3%...in the low 12s. Metals are a touch higher, along with Oil, +0.5%


sp'60min


Summary

*ISM (services), 56.3...and the indexes start to turn green.
--

In the scheme of things...today could easily play out like the previous two days.

Certainly...most are merely in 'wait' mode, ahead of the ECB.

Notable strength in the shippers, DRYS +3%

--

11.05am....bear with me....kinda busy this morning..

Suffice to say..green indexes...not surprising.