12pm update - remaining choppy

US equities remain in moderate chop mode, with the sp' battling to hold the 2100 threshold. It remains a twisted market, with threat of upside to the 2114/19 zone... unless 2100 is lost this afternoon. USD is holding gains of 0.4% in the DXY 95.50s as the market is naturally concerned about the Greece situation.


sp'60min

vix'60min

Summary

It is clearly a very borderline situation.

If 2100 fails... there is open air to 2090/80 zone by the close.

Otherwise.. viable upside to 2114/19.. where there will be multiple aspects of resistance next Monday.

notable weakness, coal miners, BTU -11%, ANR -6%, CNX -1.2%

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*If market does somehow manage rally into next Monday, then I'll just re-add on the short side. As it is, I'm more than content having exited INTC-short at the open.

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VIX update from Mr T.  

*another no-show.

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time for tea... or something