12pm update - weakness ahead of Yellen

With the CEO of PRINT central set to appear at 1pm to deliver her latest outlook on the US/World economy, the market has seen a minor wave lower. However, as usual, there is particular weakness in the Transports, -1.1% in the 8400s. Metals remain flat, whilst Oil is lower by a rather significant -1.5%.


sp'60min

Trans, daily

Summary

.. little to add.... ahead of the Yellen.

Yes, the Trans will be important to keep in mind, but it is NOT the entire market, never mind the issue that other world markets are continuing to battle upward.

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VIX update from Mr T.



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time for lunch