Tuesday, 18 August 2015

11am update - chop chop

US equities have naturally already rebounded to broadly flat. Despite being net higher for the second consecutive day, VIX remains broadly subdued in the low 13s. USD is +0.1% in the DXY 96.90s. Metals are choppy, Gold -$1, with Oil +0.6%




* a notable second black-fail candle on the VIX... again.. its indicative that the bears can open the market lower.. but they have no sustained downside power.

Little to add.. on what was is probably going to remain a day of chop.

Tomorrow does offer more dynamic action though.. with CPI and the FOMC minutes.

notable weakness: DIS -1.7% in the $107s... headed for $100...  (as is AAPL.. eventually).

*I'm intending to pick up an AAPL-short position within the next few days...