Friday 15 May 2015

3pm update - chop into the weekend

US equities are set to close with minor chop into the weekly close. Most indexes (Transports is the exception) are set for moderate net weekly gains. VIX remains subdued, and is due to settle in the 12s.


sp'60min


vix'60min


Summary

Little to add.. on what is a quiet end to the week.

A weekly close in the sp'2120s seems very probable, and it won't take much of a short-stop cascade to break new historic highs in the closing hour.

notable strength: NFLX +5.1% @ $616, and I'm already starting to see more chatter of 900/1000.
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back at the close