12pm update - chop chop

Whilst the broader equity market will surely remain in micro churn mode for the rest of today, there remains severe weakness in the Energy sector. Energy prices are in collapse mode, Nat' gas and Oil, both lower by around -4%.


SDRL, daily

CHK, daily

Summary

*whilst the broader market is basically flat lining, I'll merely highlight individual stocks.
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Incredible price levels in the usual suspects... SDRL, RIG, BTU, CHK... carnage.... as Mr Market starts to price in $50 oil.

Notable weakness, DRYS -23% @ $0.87, on news it has repaid convertable notes. Isn't that good news though? 
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VIX update from Mr T.


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time for tea...  back at 2pm