Monday, 31 August 2015

11am update - morning chop

US equities remain moderately weak, with an early low of sp'1965 and VIX 29.37. Regardless of further chop, there still looks to be increasing downward pressure across today.. and into Tuesday. Metals are somewhat weak, Gold -$5, with Silver -0.8%.


GLD, daily


*Gold is set for a net monthly gain of around $30 (3%).. and remains within a broad downward trend.

Little to add.

Relative to last Monday of course, today feels pretty dull... even with VIX in the mid/upper 20s.

notable rebound in AAPL, having already turned positive to $113.45.

I'd only consider an entry <110.. otherwise, I'll leave it alone.