Thursday, 29 October 2015

12pm update - leaning on the weak side

US equities remain on the slightly weaker side, having seen a morning low of sp'2082. The VIX is battling for a move into the 16s.. which will open up 18/20. Metals are weak (despite a cooling USD), Gold -$6. Oil is seeing some swings... currently back to +0.4%.




The market sure is trying to hold together, but the underlying pressure is increasingly bearish.. as reflected in a VIX which is creeping upward.

notable weakness..

miners, GDX -2.8%.. as the metals are unable to bounce from yesterdays powerful reversal (at the 200dma)

TWTR -4.5%.. momo chasers are likely in trouble in that one.

VIX update from Mr T.

time for lunch