Friday, 5 September 2014

12pm update - minor chop

US indexes have likely seen the floor of the day/week at sp'1990. A weekly close in the low 2000s remains very viable... bulls need 2003 for a net weekly gain. Oil/gas continue to slide, lower by -0.6% and -1.4% respectively.



Little to add.

Price action does NOT support near term downside of any significance, and this is entirely reflected in the VIX.

VIX update from Mr T.

time to cook