10am update - opening chop

US equity indexes open with some very minor price chop around sp'2015.. with VIX remaining subdued in the 17s. There is notable strength in the metals, with Gold +$6 and Silver +0.7%. Oil is in cooling mode, -1.7%, with the broader weekly cycle offering $55/57 within a few weeks.


sp'60min

USO'60min

Summary

Well... not much to add. There just isn't much going on... certainly nothing for equity bears to be getting involved in.

*if I had to take a few trades right now (and I sure ain't in the mood today)... long Oil and DIS. Although Oil certainly will likely cool into tomorrow.

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notable strength...

DIS

The daily chart is pretty clear... its breaking UP and away.. first target is the earnings gap zone.. $113.. a clear $7 higher.