Monday, 30 June 2014

2pm update - R2K headed for the 1200s

The Rus'2000 small cap is set for very strong monthly gains of around 5%. The 1200s look viable this week.. or next.. with new historic highs (>1212) by mid July. Metals are building gains, Gold +$6


R2K, monthly


R2K, daily


Summary

The second market leader continues to warn of underlying market upside.
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*France did well, now.. can Germany do as well later?

1pm update - sleepy Monday

US indexes continue to see very minor price chop. Metals are holding moderate gains, Gold +$2. There is notable increasing weakness in Oil, now -0.8%. VIX is seeing micro chop..stuck in the 11s.


sp'daily5


Summary

Little to add on what is indeed a very quiet day...and will be a quiet week.

The VIX weekly cycle is suggestive of sig' equity weakness in July..but more on that later.
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Intraday update from Riley


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back to France vs Nigeria.

12pm update - time for a game

US equities continue to see minor chop, and that could easily remain the case for the rest of this short 3.5 day trading week. Metals are slightly higher, Gold +$2, whilst Oil is slipping, -0.5%. Far more important though.. its time for another game.. France vs Nigeria.


sp'weekly8b


Summary

Well, minor index chop..and I most certainly welcome the first of today's two world cup games. It makes for a good distraction from the end month tedium of the casino.
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VIX update from Mr P



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Vive la France?