1pm update - such a great name

US equities remain broadly weak, but as the morning concerns about Oil begin to fade from the mind of Mr Market... there will be increasing threat of a late day recovery. The sp'1950/60s still look due in the near term, and that will cool the VIX back to the 19/18s.


sp'60min

VIX'60min

Summary

Little to add.

Clearly, this morning's declines are largely a result of renewed weakness in Oil.. which itself is -4/5%.. as a result of renewed whining and bitching amongst some member of what remains an effectively dissolved OPEC.

Renewed upside still looks due.. at least to 1950/60s.

--
Meanwhile...

Such a great name for someone within a doomed bank. Ms. Short would probably do well to start applying for a job at a fast food restaurant before DB implodes.

*as for CMG, having already hit initial target of the 450/400 zone, next grand downside target is $250.. but I realise that will sound like crazy talk right now.
-

ohh lookie...

Another one... this Ms. Short was touting tech stocks. Maybe she'll appear again if Nasdaq comp' 4K or less by early summer?
--

back at 2pm