Monday, 11 April 2016

1pm update - its getting annoying again

US equities remain moderately higher, with the market making another push higher, sp +8pts @ 2055. The VIX remains broadly subdued, -1% in the 15.10s. Metals are holding very significant gains, Gold +$17, with Silver +3.7%. Oil is +2.1% in the $40s.




*again, Oil is helping prop up the broader market.  Doha (April 17th ?) can't come soon enough.

Little to add.

If we close in the sp'2060s, its a serious problem.

As it is, anyone with a 2060 short-stop has already been washout anyway.

notable strength, miners, GDX +4.9%