Wednesday 24 June 2015

10am update - opening weakness

US equities open a little lower, but neither the sp'500 or VIX have broken their trends.. despite the ongoing Greek drama. USD remains a little weak, -0.1% in the DXY 95.30s. Metals are weak, Gold -$3. Oil is back to flat.. ahead of the latest EIA report.


sp'60min



VIX'60min



Summary

*opening VIX candle was a black-fail.. but is currently attempting to put in an opening reversal.. with a spike floor.

Its something to watch, although there have been a few fake outs in recent days.
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Considering the current Greek drama... equity bears should be at least marginally concerned that the market is showing little sign of a breakdown.

A further minor wave into the sp'2130s is easily viable...  along with VIX 11s.

Decisive break levels...  sp'2117... with VIX 12.70s...
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notable strength: NFLX +1.7% @ $692, having hit the big $700 threshold. With a 7 for 1 split.... the retail amateurs will be piling into that one.