12pm update - minor chop

US equities continue to see minor chop.... with Mr Market awaiting some initial comments from the EU meeting that has just begun. Metals remain weak, Gold -$10, whilst Oil is clawing back upward from early lows, -2.6%


sp'60min

vix'60min

Summary

Suffice to say.. we're now in a holding pattern... awaiting the first news reports... but that could be some hours away. Indeed, the real reaction might not be until tomorrow.

*In any case, considering the hourly cycles... I've picked up a speculative VIX-long position. Have dropped an SLV-short, although will look to pick that up again in a day or two... broader trend for metals remains weak.
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VIX update from Mr T.


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back at 2pm