Friday, 20 June 2014

10am update - new highs

US indexes open moderately higher, with a new sp'500 high of 1962. Metals are little weak, but that makes for a pretty natural minor retrace (Gold -$7) after a huge Thursday gain. VIX looks set to melt lower into the weekend.


sp'daily5


Summary

So...new highs...on quad-opex.

Without question, I'd look for increasing chop into the late afternoon, but certainly, no major down waves..as if.
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Another 3 World cup games later today, and they should make for good viewing.. into the weekend.