12pm update - post solstice chop

US equities are seeing continued chop, but still leaning on the upside, as the market is naturally increasingly subdued into the Christmas break. Oil is certainly helping the market hold above the recent series of marginally higher lows, currently +1.5% in the $36s.


sp'daily5

USO'daily2

Summary

*note the 50/200 day MAs.. now both at sp'2061
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Price action is clearly subdued, but leaning to the upside. An attempt to close in the 2060s will be viable next Mon/Tuesday.

A year end close in the 2100s looks... difficult.

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Here in London city...

The winter solstice was overnight at 4.49am GMT. So.. the days are finally going to start getting longer again. Only another four months until first chance of some warmth.

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VIX update from Mr T.



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time for lunch