12pm update - remaining broadly weak

US equities remain moderately weak, with a morning low of sp'2091, with VIX 14.02. With sporadic Greek headlines, the USD has turned lower, -0.2% in the DXY 94.80s. Metals remain moderately choppy, Gold -$1. Oil remains weak, -1.2%.. having lost the $60 threshold.


sp'60min

VIX'60min

Summary

Not much to add.

The VIX gap zone of 14.25/50 remains a tempting target...... would be suggestive of renewed weakness into the weekly close.

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notable weakness, INTC, -1.7%... I'll try to cover it in the next hour or two... as it is one of the strongest indirect signals that the bulls will NOT be able to rally in the near term. See recent 'fair value' post for more.. as it could be a leading warning of trouble for the broader market later this summer.

coal miners, BTU -4.8%... with stronger declines in ACI, ANR, WLT.. the trio of horror.

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VIX update from Mr T.   due

*seemingly.. another no show today.

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time for lunch :)