Tuesday, 22 March 2016

1pm update - marginally positive

US equities are positive, if only marginally. It remains the case that regardless of whether today's close is marginally net higher.. or lower, the underlying price pressure is to the upside. Oil is -0.8% in the $41s.. but looks extremely vulnerable to snapping higher, to the $43/44s, as early as tomorrow on the next pair of inventory reports.




Suffice to add.... VIX remains the tell, offering ZERO sign that the market is yet ready to rollover.

It'd seem Oil 43/44s will equate to sp'2070s or so.

notable weakness, TVIX -3.7% in the $4.70s.... true.... horror.