Friday, 10 July 2015

12pm update - holding.. and building gains

Unlike yesterday, after some moderate cooling to sp'2066, US equities are building gains, set to break into the 2080s. VIX is reflective of a market that is increasingly confident that some kind of Greek resolution will be achieved.. kicking the infamous can, at least a little further across the summer.




*special note.. Yellen is due to speak this hour

The daily equity/VIX charts are starting to look rather good for those on the long side.

Best case for the Friday close.. sp'2080/85.. with VIX 16s.... that would be suggestive - from a chart perspective, that there will be a Greek deal.

notable strength: AAPL +2.6% in the $123s.

weakness: oil/gas drillers, RIG/SDRL, both lower by around -3%... not helped by today's lower Oil price.

VIX update from Mr T.

time to see what the cheerleaders on clown finance TV are saying