11am update - late morning chop

US equities are in minor chop mode, after having built rather significant gains, with a high of sp'2056. It will be important for the equity bulls to take out the Fri' high of 2064 this week. Metals remain a little higher, Gold +$2. Oil has turned positive, +0.3%, having been lower by -2% in the $44s.


sp'60min

R2K, daily

Summary

*R2K looks set to be breaking new highs within the next 3-5 trading days.
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Suffice to say.. this mornings gains are significant, a daily close in the 2050s looks very likely, along with VIX 17s.

Notable weakness, AA -2.1%.. having posted better than expected earnings. Perhaps they'd have done better if they'd posted a loss?
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time to shop... back soon.