Tuesday, 3 June 2014

11am update - much like yesterday

Tuesday is turning out to be much like yesterday, minor index chop. Equity bears lack any sig' downside power, with US/world markets generally in a holding pattern until the ECB announcement this Thursday. Metals are seeing similar chop, Gold +$2, whilst the VIX is battling to break and hold the 12s.



For the market as a whole...nothing much should be expected of today.

Wed' will have the ADP jobs and Fed beige book..so there is a lot more potential there for price movement. Yet even tomorrow..who will want to take a trade ahead of the ECB ?

Notable weakness: DRYS, -2% in the $2.90s

time for an early lunch...