Monday, 29 December 2014

12pm update - back to micro churn

After some opening minor chop, US equities are back to micro churn mode... with the usual underlying upward bias. The sp'2100s are coming, the only issue is at what level will the market get stuck in January. There is notable weakness in the metals, Gold -$14.. impacting the miners, GDX -1.6%


GDX, daily


So.. a new high in the sp'500 and R2K...  other than that.. it remains a very quiet day.

Naturally, the maniacs on Zerohedge are getting overly excited about the latest Greek developments. After all, the end of the financial system is imminent, right?

VIX update from Mr T.

time for tea..... back at 2pm