Monday, 13 October 2014

2pm update - continued chop

US equities continue to see minor chop.. with a key floor of sp'1890, with VIX peaking at 22.45. Another day or two of chop remains very viable, but with a broader 2-3 week bounce likely. From there.. things get more 'fun'.



Little to add.

Notable strength: miners, GDX +4.5%.. although that does little to the broader trend from spring 2011.

back at 3pm