12pm update - a touch of weakness

US equities remain in relative chop mode... with a touch of underlying weakness.. notably.. energy sector. Metals are on the slide.. Gold -$12. which is naturally impacting the miners, the ETF of GDX -2.9%. Oil remains weak, -4.2%, but still holding last weeks low.


sp'60min

GLD, weekly'2

Summary

There isn't much to add on the main market. Hourly indexes are still suggestive of a minor down cycle into early Tuesday, but in many ways.. that will probably be price consolidation.. than an actual fall.

The weakness in metals is to be expected... along with the miners.

Oil should (in theory) hold last weeks low of USO 20.53... with WTIC Oil $53.60.

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VIX update from Mr T.


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time for tea, back at 2pm