1pm update - a little chop

The sp'500 has seen a moderate ramp from 2104 to 2115... along with a VIX that has cooled back into the mid 13s. Broadly though, market looks set for some latter day weakness. USD appears floored, and looks set to close in the DXY 97s... which will put some downward pressure on most asset classes into the monthly close.


sp'60min

Trans, daily

Summary

*not surprisingly, the Trans remains the weakest index today.. having made another new cycle low in the 8200s.
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So.. an 11pt bounce to 2115... no doubt that has probably shaken out a fair few of the day-trading bears.

All things considered though, the market looks set for renewed weakness into the close. There is little reason why at least some of the rats won't be bailing ahead of the weekend.
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notable strength: tech, INTC +1.4%.. although off the earlier high