Friday, 2 May 2014

11am update - minor snap down

A minor (if sharp) snap lower in the indexes from sp1891 to 1880....with the VIX flipping back to positive. Metals snap higher, Gold +$8, Silver +1.9%.


sp'5min


Summary

Hmm...

It would seem the market is getting a little twitchy on news from the Ukraine. 

As ever though, this does nothing to the broader trend.
--

time for lunch.
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11.27am Minor weak chop. The real action is in the metals, with Gold +$16, and Silver +2.7%, pretty big turn around  there.

Despite the brief upset over the Ukraine story, VIX is only +1%..not exactly fear..is it?