11am update - minor chop

It remains a case of minor chop for US equities... with the usual underlying upward bias. VIX opened to 16.74, but the opening hourly black-fail candle - in a price gap zone no less, does not bode well for those seeking more sig' volatility. Metals remain weak, Gold -$2 @ $1207.


sp'60min

vix'60min

Summary

Another day of minor churn.. but with new highs... that would seem to be the case.

The only minor hope for the bears is a sporadic headline about Greece. The FOMC minutes are due at 2pm, but really... that will likely not upset anyone.
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Notable weakness: RIG -1.1%.. as many are again wondering if a key floor is actually in for energy stocks/Oil (I don't).

Strength: Copper miners, FCX/TCK, both higher by around 2%