Friday 11 July 2014

11am update - minor upside chop into the weekend

The opening declines were indeed a little tease to the bears, and Mr Market looks set for somewhat gentle upside chop into the weekend. A weekly close in the sp'1970s remains very viable. VIX is melting lower, the 11s look due.


sp'60min


Summary

Little to add....

--

Update from Mr Carboni



I'd agree with Oscar on the metals, and that has bullish implications for those long the GDX
-

Notable strength in AMZN +4.3%.. more on that later.

time for a somewhat early lunch