12pm update - remaining a little weak

US equity indexes remain negative, if only moderately, having swung from an early high of sp'2108 to 2090.. with VIX clawing to 16.39. Mr Market is clearly anxious ahead of the Friday jobs data, with threat of an initial washout to the 200dma (2062) Metals remain broadly weak, Gold -$1, with Silver -0.5%. Oil is -1.5% in the $46s.


sp'daily5

GLD, daily

Summary

There is a great deal of individual stock action, but in terms of the broader market of course.. price action remains only moderately interesting.

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re: metals. Day'7 down for Gold/Silver, and that is not helping the related mining stocks, GDX -3.2%. Outlook looks dire into year end.. especially if the fed finally raise rates.

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Here in London city.. 4.30pm GMT.. not so great....

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VIX update from Mr T.



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time for tea.