Wednesday, 2 July 2014

2pm update - sleepy midweek

US equities continue to see minor churn, with the sp' likely to close within the 1975/65 zone. VIX remains moderately lower in the 10.70s. There is notable weakness in Oil, -0.9%.


sp'daily5


Summary

So...minor churn.

There remains distinct weakness in the airline stocks, UAL -5.8%, and will probably see a little follow through tomorrow.. even if the jobs data is 'rainbows and unicorns' in the 225/325k range.

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time to cook!