Friday 22 August 2014

2pm update - afternoon minor chop

US equities are still seeing very minor chop. A daily close in the sp'1985/95 now looks assured. Metals are a little higher, Gold +$2. Oil is weak, but above the earlier low, -0.5%.


sp'60min


Summary

*VIX melting lower, now -0.7%.. set for a weekly decline of around -11%
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Little to add, on what is turning out to be a very uneventful day.
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Airlines building gains, DAL +1.7%