The broader US equity market remains higher for a fifth day, although there is some notable weakness in the momo stocks. VIX remains cooling, -3% in the upper 14s... the 12/11s are coming before year end. Metals have managed a minor bounce, Gold +$4... but look broadly bearish.
sp'60min
GLD, daily
Summary
Not much to add.
Oil is holding gains of around 2%.... remains broadly choppy... still no definitive sign of a floor yet, although I'm content with calling a floor from last week of $53.60.
Notable weakness, TWTR -1.7%
--
back at 3pm
