Monday, 1 June 2015

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.


GLD, daily


*with the USD on the rise, the metals/Oil are cooling from the opening highs.

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%

VIX update from Mr T.

time for lunch :)