Friday 13 June 2014

10am update - minor morning gains

US indexes open moderately higher, with the hourly cycles offering upside across the day..and into early next week. Oil and Gold are both flat, but look set to see further gains across the next trading days. VIX looks set to melt lower into the weekend.


sp'60min


Summary

So..opening minor gains, but it is pretty choppy, as Mr Market battles it out to find a direction.

Nothing has changed..broader trend should resume upward.
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Notable 'strength' in OPEN.

OPEN, daily


Looking at the option call chain, I see some of the June calls +64,000%. Hmmm