12pm update - continued minor weakness

Equities remain a touch weak, but like yesterday, there is the threat of new historic highs this afternoon. Metals have snapped lower, Gold -$8, having lost the $1200 threshold. Oil is similarly weak, -1.9%, but still above $50.


sp'daily5

vix'60min

Summary

Pretty quiet day... and its getting a little tedious again.

It is arguable that we have a baby bull flag on the VIX hourly... an attempt to break next resistance in the mid 17s seems likely tomorrow. A brief move to the 18/19s remains very viable before the weekend.
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VIX update from Mr T. (due)

*seemingly not to appear today....

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time for lunch.... back at 2pm