Thursday, 11 June 2015

2pm update - VIX in melt mode

Whilst equities are holding moderate gains, the VIX is in classic melt mode, -4% in the 12.60s. Another wave higher into the sp'2120s will like equate to VIX falling into the 11s.. as early as the Friday close. Gold and Oil remain moderately weak, both lower by around -0.5%




Price action continues to favour the equity bulls.

Right now, the notion of any sustained action <sp'2100 looks extremely unlikely.

notable weakness: coal miners, BTU -8.9%,