Thursday, 16 July 2015

1pm update - Pre-Yellen chop

US equities are set for increasing minor chop, ahead of the Yellen, who is due to spout more fedspeak, this time to the US senate. Equity bears should be desperate to break back under soft rising trend - which at the close will be around sp'2114.




A new intra low for the VIX of 11.87, and that sure is a long way down from the Wed' afternoon high of 13.97.

notable weakness: INTC -0.4%... the $29 threshold looks vulnerable.

strength: NFLX +16.6%...

back at 2pm