12pm update - fractional new high

US equities remain moderately higher, with a fractional new cycle high of sp'2094.61. Broadly though, the market looks tired, and with every passing hour.. it becomes more difficult for the equity bulls to keep pushing. Metals are weak, Gold -$7, with Silver -1.1%. Oil is starting to cool, -0.8%.


sp'60min

Summary

Little to add.

Clearly..net daily gains look due... but probably not in the 2090s.

There are increasingly more stocks that look utterly maxed out, and are already rolling over. NFLX is a rather classic example...-1.2%... having failed to break/hold the $110s.

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Meanwhile, here in London city...

11.10am... EST

A pretty good late afternoon, but the dense fog will likely soon return... and that will certainly mess with the airlines. Why aren't all planes just using auto-pilot take/off landing as they can anyway? Do we blame the Transport workers union? Probably.

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VIX update from Mr T.




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time for lunch