Wednesday, 17 June 2015

10am update - opening gains

US equities open moderately higher, although it will be difficult for the market to go much above sp'2105/10 today. USD remains in cooling mode from the March high, -0.2% in the DXY 94.80s. Metals are weak, Gold -$3, and will be highly vulnerable to a snap this afternoon. Oil is holding early sig' gains of 1.5%.




*VIX is naturally cooling with rising equities. A brief spike low in the low 13s is viable this afternoon. For those looking to short the market, that will be something to watch for.

We have a very long day ahead...  with the market likely to see some degree of FOMC spike this afternoon... and I'm guessing it'll be to the upside.

It would be somewhat amusing if we then see it all unravel after the CEO of PRINT central starts talking.

I am quietly watching INTC, currently +0.7% @ $31.84.. a break into the $32s still looks viable.. before resuming lower to $29s.

*awaiting EIA report @ 10.30am