12pm update - chop chop

It has been a choppy morning for equities, swinging from minor gains - with new historic highs on the sp'500, Trans, R2K, to minor declines..and recently back to the low 1870s (as if 'low') can be applied to 1870. Metals remain weak, but off their lows, Gold -$11.


sp'60min

Summary

Overall, price action is nothing for the bulls to be concerned about. Indeed, with new historic highs on a number of indexes...how could anyone be bearish about things?

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I continue to have my eyes on DRYS, but barring a mood change..I'm just not particularly interested, unless I see the 3.80s.


DRYS, 60min

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VIX update from Mr T


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time for lunch