Monday, 26 January 2015

12pm update - somewhat tedious chop

US equities are back to chop mode, although this remains a strong performance considering the sporadic headlines from Greece. Metals remain in cooling mode, Gold -$14, with Silver -1.9%. With equities in chop mode, the VIX is naturally in melt mode, -2% in the mid 16s.


GLD, daily


*I'll have more to say on the metals later, but suffice to say.. a key multi-year floor does not look in yet.

Rest of the day... choppy.. but with underlying upside.. ahead of the Tue/Wed FOMC meeting.

VIX update from Mr T

time for tea... back at 2pm