Monday 11 May 2015

2pm update - remaining weak

The hourly equity/VIX cycles both favour the bears for the rest of today, and probably the early part of Tuesday also. Further weakness to the sp'2100/2090 zone looks due, with VIX of 14.75/15.00. Metals remain a little weak, but seemingly susceptible to turning positive, Gold -$4


sp'60min



VIX'60min


Summary

Little to add.

Further equity weakness/VIX strength looks due into the close... with a gap lower tomorrow morning... if minor.. and likely... it won't last long.
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notable strength: NFLX +3.0%.      Bullish   'Sense8'  :)   due June 5th.



As usual, NFLX will release the whole season all at once on a Friday night.. so it'll be weekend binge watching for those interested.
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2.16pm.. sp'2109..... melting toward 2100... and probably 2090s tomorrow morning.

Gold continues to trade inverse... a fractional net daily gain is just about possible..  I will look to re-short tomorrow morning. .which should sync with an equity floor.