Tuesday 29 July 2014

12pm update - minor down wave

US equities have seen a rather sharp turn at the typical turn time of 11am. Yet.. in the scheme of things, this all remains minor chop within the sp'1990/50 zone. VIX remains subdued, and is barely able to claw 2% higher..still in the 12s.


sp'60min


VIX'60min


Summary

*reason for the break lower, is arguably the news that the EU is widening sanctions against its Gas master... Russia.
--

Suffice to say, its all minor chop..ahead of the infinitely more important Wednesday.
--

VIX update from Mr T


--
time for lunch