Monday 15 June 2015

2pm update - broadly weak

US equities remain weak (if moderately), and now its a case of whether there will be enough 'spooky news' to break the double floor of sp'2072. For once, VIX is at least holding up, +11% @ 15.30s... a daily close in the 16s would be interesting.. ahead of the Wed' FOMC.


sp'60min



VIX'60min



Summary

Its getting somewhat tiresome. Again, its a case where we are somewhat lower, but in the bigger picture.. we're still within the same range.
-

*I've eyes on INTC.. as a viable individual company short... but frankly... I ain't interested at this time or price.. perhaps late Wed'... after the Yellen is out of the way.

INTC, 60min


... as ever.. its just an idea. Broader price structure on the daily/weekly cycles is a very bearish H/S.. offering the $26/25s later this summer.