Tuesday 31 March 2015

2pm update - continued chop

US equities remain in minor chop mode, around sp'2080. VIX remains subdued, +1% in the 14.60s. Gold is increasingly weak, -$3, whilst Oil is holding moderate declines of -0.7%. Broadly... it remains a relatively dull end to Q1.


sp'60min


Summary

With two trading hours left of Q1.. it remains dull.

*I see a few are still open to much lower levels.. even into the mid sp'1900s.. but that is completely off the agenda unless we break under 2060. Right now.. I can't see that.
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Notable weakness: coal miners , BTU -7.7% in the $4s.



The horror continues.