Friday, 24 October 2014

12pm update - moderate gains

US equities have seen a minor up wave, with the sp' in the low 1960s. Energy remains very weak, Nat' gas -2.1%, with Oil -0.7%. Metals are a little weak, Gold -$2. VIX is cooling into the weekend, -2% in the low 16s.



Without getting lost in the minor noise, the sp' is making a play to break a new cycle high >1962.

Still... some weakness in the latter part of the day seems likely. Who will want to hold long across the weekend?

*There is an EU bank stress test result, this Sunday, 12pm (CET), and that will be an issue for Sunday night futures.

Notable strength, BABA +3.7% in the $97s, making a move to test the $99 high.... early next week.

VIX update from Mr T.

time for tea :)