11am update - back to micro chop

The opening equity weakness has already been negated, with many indexes turning fractionally positive. Energy prices remain exceptionally weak, Nat' gas -3.5%, whilst Oil is -2.9%. VIX is holding moderate gains of 7%, but still resides in the mere 12s.


sp'60min

Summary

Micro chop... as expected. With nothing much due this week... its going to be a quiet one.

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Not sure if the algo-bots are reading my earlier 'doom' post on DRYS.. but since I posted.. its now lost the $1 threshold. DRYS has never traded <$1 in its ten year history.

DRYS, daily

A real ugly drop of -19%... are rumours of bankruptcy starting to circulate? Lower oil prices... overall.. a major problem for the shipping industry.