US equities are broadly choppy, with the sp' +3pts @ 2112. There is another minor gap zone around 2117/19... but regardless of whether that is hit or not, primary downside remains 2080.. with VIX 15/16s. USD is holding gains, +0.4% in the DXY 97.00s. Metals remain weak, Gold -$8, with Silver -1.8%
*I just this past hour went long VIX from 12.95. Seeking an exit in the 15s.
With the Yellen continuing to babble on .. at least for another hour... the market is pretty subdued.
The Greek parliament will be attempting to pass more bailout legislation later today... if that doesn't go smoothly.. it will be a real problem.
notable weakness: SHLD -3.6%... having been cut in half.. 44s to 22s across just 4 weeks!
INTC +0.1%.. and relative to the main market recently.. its really struggling. Considering that it already failed to hold the key $29 threshold... a big Thursday gap lower is viable. As it is... I consider it overly risky to trade... and am going to leave it alone. Would only consider a short from 31.75/32.00 in August.. but that might simply not happen if market is upset at Q2 earnings this afternoon.