Monday, 25 April 2016

2pm update - moderate chop

US equities have seen a minor up wave from the earlier low of sp'2077 - with VIX 14.76. VIX remains on the climb, the 16s look a very realistic target this week... if not the 18/19s... very briefly - with sp'2040s. Metals are holding minor gains, Gold +$5, with Silver +0.1%.




Suffice to add.... we sure ain't net higher right now... and the daily/weekly cycles continue to swing in favour to the equity bears.

There are some notable downside risks across this week.

time for a late dinner.... back at 3pm