Monday, 20 July 2015

3pm update - are we closed yet?

US equities remain in algo-bot melt mode, with the sp +4pts, having earlier hit 2132.. a mere 0.1% from a new historic high. VIX remains extremely subdued, +1% @ 12.06. Metals and Oil are both very weak, as King dollar looks vulnerable to breaking into the DXY 100s by late summer.




*earnings at the close... IBM

Little to add.. on what has been a pretty tedious day.

I can only hope we'll see some more dynamic price action as the week proceeds!

notable weakness, Gold/Silver miners. GDX -9.1%... utter sector devastation... second only to the coal miners.

back at the close