Nasdaq comp', daily
VIX'daily3
Summary
We've another oil inventory surplus, but a mere 2.3 million barrels. It would seem anything under 5 million is now treated as bullish for oil. Clearly, the $40 threshold is offering some resistance though.
Right now, a daily close back in the sp'2050s would be something for the equity bears.
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notable strength: FCX +3% in the $10.40s, as even the Cramer is touting 'FCX will make it'.
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Here in London city...
Spring sunshine, and summer warmth might be just 3-4 weeks away.
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time to cook
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11.10am.. Metals sure are weak today... Gold -$14... Silver -0.5%.
That is not helping the miners, GDX -1.8%... although not yet negating even half of yesterday's gains.
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11.27am... VIX trying to floor from 13.06.
60min
Kinda interesting, but I can't take it seriously until the 15s