Monday, 13 May 2013

12pm update - indexes turning green

Those bears getting overly excited about the morning weakness are already getting nailed, as the indexes start to turn green. However, best guess is for a secondary wave of weakness in the late afternoon. Metals and Oil remain weak. VIX is back to flat.




A very quiet Monday so far. 

*Oil is interesting, but its not tempting at these levels. I'm definately looking for a further wave lower later today. The only issue is whether that stretches into Tuesday morning.