12pm update - weak chop

US equity indexes are broadly flat.. but very choppy as the bull maniacs are battling hard for renewed upside. All things considered, a washout in the sp'2090/80 zone looks due within the next few days.. along with VIX 16s. USD is building sig' gains, +0.7% in the DXY 97.50s.


sp'60min

GLD, daily

Summary

*with the USD on the rise, the metals/Oil are cooling from the opening highs.
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Not much to add.. on what is a pretty choppy start to the month.

Considering the opening reversal.. bears look moderately in control... at least until Wed' morning.

notable weakness: copper miners, FCX -1.5%, TCK -1.2%

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VIX update from Mr T.



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time for lunch :)