12pm update - still moderately weak

US equities remain moderately weak, and unlike Tuesday, the bears aren't yet showing any significant downside power. USD has turned a touch lower, which has helped metals and Oil recover from early lows. VIX is battling to break into the 14s.


sp'60min

vix'60min

Summary

*action in the metals (and Oil) remains broadly weak.. I'm still short Gold, am waiting to exit on the next sig' wave lower. Maybe I'll get lucky tomorrow.
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Perhaps the equity market will see another wave lower this afternoon, but for now.. this is clearly not as good as some were seeking.

notable weakness: AA -1.4%... the lowest level since April 2014... seemingly headed for $10/9

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*Nat' gas report showed a much bigger build than expected of 112bcf  vs 92.

As a result, Nat' gas is lower by around -4%
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VIX update from Mr T



Hmm, some interesting, and important changes for VIX traders.
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time to cook... maybe