1pm update - time for a short-stop run?

The main indexes are holding onto moderate gains, we've still not broken a new high on the sp', perhaps the bots want to do a little short-stop run >1662 this afternoon? Precious metals look floored on the hourly chart, Oil is holding gains, VIX is -5% in the low 12s, 11s look viable at the close.


SLV'60min

R2K, daily

Summary

Considering its opex, prices are rather stable. I would guess that's merely the pomo cancelling out the downside that would have naturally occurred.

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SLV might be a viable re-short next week, but clearly..not today.

Oil looks like it'll close the week pretty strong, and that bodes for WTIC Oil in the 110/120s later this summer. So, I'll be looking to go long that.


VIX update from Mr T.



back at 2pm
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Stock of the day..perhaps...

Ford, daily

Clear breakout, I think the next level are the $18s, from spring 2011.