1pm update - continued weak chop

US equities remain moderately weak, but as is usually the case, there is high threat of a latter day recovery. A Thursday/2015 close at sp'2090 remains within range, along with VIX 14/13s. Metals remain weak, Gold -$7, with Silver -0.5% in the $13s. Oil breaks new intra lows, -3.5%.


sp'60min

Summary

*note the upper bollinger on the hourly cycle will be offering 2090 by today's close and across tomorrow
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Little to add.

It is merely just a matter of how many hours until we break back into the 2080s.. and onward to next resistance around 2090. The 2100s look due next week.

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Meanwhile.... on clown finance TV

Najerian, J. likes CBRL for 2016

CBRL, daily

As noted earlier, it looks far more vulnerable to the upside, than breaking the recent low of $123
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back at 2pm