Monday, 23 February 2015

12pm update - minor weak chop

US equities remain a touch weak, although as has been the case for the past five trading days... there is typically strength into the mid afternoon. VIX is holding slight gains of 3% in the 14.80s. Metals are a touch higher, Gold +$1. Oil remains weak, -2.5%.



There is a little divergence on the hourly equity cycle.. and it does bode in favour of the equity bears for tomorrow.

As ever.. its a case of not so much as what Yellen will say.. as how to the market will interpret her random blabberings.

Notable strength: AAPL +1.7% in the $131s.. .but clearly...... getting over-stretched

VIX update from Mr P.

time for lunch, back at 1pm