Friday 26 June 2015

3pm update - weakness into the weekend

US equities remain leaning on the moderately weak side, sp -2pts @ 2099. Increasing weakness looks due into the close, as many will be understandably twitchy about holding long across the weekend. USD is holding gains of 0.3% in the DXY 95.40s. Metals/Oil are a touch higher.


sp'60min



VIX'60min


Summary

The setup for the closing hour is about as bearish as it gets... so.. lets see if we weaken to the low sp'2090s. Anything <2080 would be a bonus, but not that surprising, considering the unresolved Greek situation.


updates into the close... especially if things unravel.. as I expect.
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3.21pm... Well... nothing of significant yet on the sell side....  remaining within the down channel.

Meanwhile.. King O' is getting blanket coverage during the closing hour. It certainly makes for a distraction from the various depressing news today.... never mind the ongoing Greek situation.


3.44pm... sp'2100..... time for the Russell 1k, 2k, and 3k to be rebalanced.

Bizarrely low VIX 14s.... am surprised we didn't see the 15s today.... close though.