Monday 11 May 2015

12pm update - continued chop

US equity indexes continue to see minor chop.. and are a touch inclined to the downside. Metals have seen a minor snap lower, Gold -$6. Oil has similarly turned negative, -0.8%.


sp'60min


Summary

Little to add.

It is a pretty quiet Monday of minor chop... and right now, it looks like its a case of just consolidating the Friday gains.

From what I gather, there is a possibility of Greece agreeing another 'can kick' tomorrow... at least buying them another month or so.

If so, that would be bullish Euro, bearish USD... and that would help give most $ denominated asset clases a push to the upside.
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GLD, 15min


*I was intentionally short-stopped out of GLD around 11.30am.... and will consider yet another re-short on the next bounce... whether late today.. or tomorrow.
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VIX update from Mr T.


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time for lunch :)