Monday 22 June 2015

2pm update - afternoon chop

US equities are holding gains.. but arguably also continuing to build a short term top. Equity bears need a Tuesday close <sp'2115 to break the short term upward trend... along with VIX 14s. USD is building moderate gains, +0.3% in the DXY 94.30s.


sp'daily5


Summary

Little to add.

.. its merely a case of waiting for the next Greek related headline.
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notable weakness (relative to main market): INTC +0.2%...



...set to close a touch negative. I remain short.. seeking the $30/29s.