Thursday, 16 July 2015

3pm update - the closing hour, minus the Greeks

US equities are set to close higher for the 5th day of 6, with the sp'500 having ramped from 2044 to a new cycle high of 2123. VIX remains extremely subdued, -9% in the upper extreme -28.9% lower so far this week. Metals remain weak, Gold -$4, with Silver -0.5%




Well, unlike yesterday, there are no Greeks on the rampage, and the market looks set to comfortably close in the 2115/25 zone.

With things as they are.. its not a setup that particularly favours the bears tomorrow.

*I remain holding a small VIX-long position. I suppose things could be worse, I could have been heavy short NFLX.

Unless Yellen says something stupid about interest rates...  I will merely be back at the close.