US equities have naturally seen a floor of sp'2070 around the typical turn time of 11am. Whether you want to call it 'PPT/CB meddling' (ahead of Obama/Hollande press conf').. or a mere natural bounce.... it would seem the retrace ahead of the holiday is probably complete.
Well, I'd expected a bounce from 11am onward.. but not this strong. This is frankly a little crazy.
I rarely mention it.. but with a VERY sig' press conf' due with King O' and his anti-monarchyness.. Hollande, were 'they' meddling a little earlier to make things better?
Regardless... green indexes are clearly possible... although I'd guess a slightly neg' close in the 2080/75 zone.
CREE +2.3%, everyone needs light bulbs, right?
RIG +3.2%.. with Oil rebuilding gains of +2.8%
CHK +6.8%... offering a pretty well defined floor.. at least for the short term.
Here in London city...
Not a day to venture outside.. its pretty horrible... 4 weeks until the shortest day.
VIX update from Mr T.
time for tea.