Tuesday, 20 May 2014

12pm update -marginal declines

Most US indexes are already pretty close to achieving a full reversal of the early morning weakness. A daily close in the sp'1890s is still viable. Metals are holding minor gains, with Gold +$1.



Little to add. There remains plenty of time today for the broader market to turn positive.

VIX update from Mr T

time to cook

12.10pm.  Dow/SP break new lows...hmm.  I suppose some might call it a sub'c or 3... , but still...it is a problem. R2K remains under real pressure..not far from the Thursday spike lows.