Monday, 6 July 2015

12pm update - renewed weakness

US equities are seeing some renewed weakness (if moderate). A test of the Sunday night ES futures low (equiv' to sp -32pts @ 2044) looks due tomorrow. A daily close under the 200dma (2055) remains a valid target by today's close. Oil remains exceptionally weak, -4.3% in the $54s.




*stockcharts is back... thank the gods.. I was wondering if I'd had to resort to posting pics of trees or something, lol

So... we're a little lower, but clearly some of the bears will have been rattled by the morning bounce. What I find even more unlikely though.. the notion of buyers in the near term.. until Tsipras can hack out some kind of deal.

The daily black-fail candle on the VIX is not great, but then.. a long afternoon ahead... a daily close in the 19s would give clarity for tomorrow.

We have a name for the new finance minister...

EU CNBC is best CNBC

Tsakalotos... yeah, another easy to remember Greek name.

VIX update from Mr T.

time for lunch :)