12pm update - clawing slowly upward

US equities continue to claw slowly upward from the early low of sp'1920. Regardless of whether the daily close is a moderate gain or decline.. there seems little reason to expect price action much above 1955/60 this week. Metals are holding gains, Gold +$7. Energy remains exceptionally weak, Oil -5.0% in the $31s.


sp'60min

Summary

Little to add.

We're already close to break even, and Fischer hasn't even appeared yet.

-
notable strength...

TWTR, daily

There is increasing buyout chatter. If any potential buyer has any sense, they'll make a play after the market has been whacked into the early summer.

--
VIX update from Mr T



--
time for lunch