12pm update - minor swings

US equities remain in minor chop mode, seeing a morning low of sp'2051, but seemingly headed for another brief foray to the 2060/65 zone. Sustained action >2080 looks out of range before the 2030/20s. Market is clearly content for a day of minor chop before the Friday monthly jobs data.


sp'60min

VIX'60min

Summary

So...  a touch of weakness to 2051.. and a clear spike back upward. As things are, we'll be cyclically on the high side by the close of today. For the equity bears.. that at least offers a reasonable setup for tomorrow.

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notable weakness: the EU financial of doom:  DB, daily

Another rather nasty day, currently -3% or so in the $16s. The $10 threshold looks a valid target this summer... and if that's the case, its hard to envision sp' now having broken under the 1810 low.
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time to see what the cheerleaders are saying on clown finance TV.......