12pm update - just another buying opportunity

The main indexes are somewhat mixed. Those bears hoping for even a moderate daily decline of 0.5%, are seemingly going to be disappointed. More than likely, we'll just see the usual latter day recovery/melt. Metals and Oil continue to show a little weakness.


sp'daily5

USO'60min

Summary

No reason why we can't close green, after all, there are virtually no sellers out there.

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Oil is kinda interesting, it was -1% earlier, maybe another 1% tomorrow, which would make for a reasonable buying level into the early summer.


VIX update from Mr T.



back later