Monday 25 August 2014

1pm update - minor down wave

US equities see a micro wave lower..but it remains a case of 'don't get lost in the minor noise'. With a higher USD, metals remain weak, Gold -$3, with Oil -0.5%. VIX is seeing minor chop in the 11s.


sp'60min


Summary

Little to add.

As noted earlier, equity bears should be very mindful of $3bn of QE across Tue/Wed. by then.. we could easily be in the 2010s.
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Notable strength: CHK +2.5%.   Nat' gas the place to be for the coming winter?