12pm update - weakness in shippers and momo

Whilst the main indexes continue to build a pretty clear bull flag, there is notable weakness in the shipping and momo stocks. DRYS -6%, whilst TWTR is battling to re-take and hold the $60 threshold. VIX is +5% or so, but this is likely minor noise.


DRYS, daily

TWTR, daily

Summary

A quiet Monday...but bulls can be pleased in that it looks like the 1830s are going to comfortably hold, before the next lurch higher.

It looks highly probable that we will be in the sp'1850/70 zone later this week.
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VIX update from Mr T.



time for lunch :)