12pm update - minor down cycle

US indexes have naturally slipped from the opening gains. This should be no surprise, considering the continuing Ukraine concerns. VIX though is not suggesting a negative equity close. Metals are slowly sliding, Gold -$2.


sp'60min

Summary

I realise some will be getting moderately excited at the late morning pull back, but really..we didn't open lower..we saw sig' gains to start the week, and the bears remain...weak.

Things look on track for a move into the 1870s by Wednesday afternoon.
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VIX update from Mr P. 



*VIX opex is at the Tuesday open, and its no surprise to see them slam the VIX lower today.
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time for lunch!