12pm update - testing the Friday low

US equities have seen some distinct cooling, from the morning high of sp'2022 to 2005. Broadly though, market still looks set to claw upward this week, and into Jan'2016. USD continues to cool, -0.4% in the DXY 98.30s. Gold is holding sig' gains of $13, with Silver +1.4%. Oil remains broadly weak, -0.7% in the $35s.


sp'60min

GLD, daily

Summary

Well, it sure hasn't been the dire bearish morning that some of the maniacs were touting last week. Neither is it super bullish though, as we've seen some distinct sell programs in the sp'2020s.

For any normal person... very little of this market merits any attention for the remainder of the year.

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VIX update from Mr P.



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time for lunch