Tuesday 17 March 2015

1pm update - broadly weak

US equities remain broadly weak, a net daily decline (if only moderate) looks probable. VIX remains notably lacking any real upside kick... viable downside for Wed' VIX opex to the low 15s.. before a viable surge into the 20s. Metals remain weak, Gold -$6. Oil is holding sig' declines of -1.6%.


sp'60min


VIX'60min


Summary

Little to add.

Minor up wave/chop... ahead of tomorrow afternoon...  market looks set to enter a holding pattern.. within the 2070/85 zone.
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Notable strength: AAPL +1.6% in the $126s.... but if the market breaks lower in the days ahead.. target is a very clear $115.