Tuesday 10 June 2014

1pm update - more of the same

US indexes have been effectively flat lining since early morning, with sp -3pts @ 1947. VIX is close turning red, after earlier minor gains. Metals continue to hold moderate gains, Gold +$7


sp'weekly8b


Summary

*above chart from yesterday.
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Suffice to say...minor chop..and whatever selling there is, is being negated by today's sig' QE-pomo.

I'd give high likelihood to the indexes clawing back to fractionally positive by the close.
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back to the kitchen...