Wednesday 21 October 2015

10am update - VIX slammed for opex

US equities open a little higher, sp +4pts @ 2035, whilst the VIX is slammed at the open for opex... breaking -8% to 14.41. With the USD broadly flat in the DXY 94.90s, commodities are under pressure... Gold -$10.. with Oil -1.4% in the $45s.


VIX'60min



sp'60min



Summary

There really isn't much to add.

The sp'2040s look probable today.. ahead of the Thursday ECB.

Unquestionably... eyes should be on China...  having seen the biggest daily decline in a month.
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notable strength:  DIS, +1%... set for the $111s... and onward to the $120s

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New stock...  Ferrari (RACE)

Marking a cycle peak as Alibaba did in Sept 2014?  Hmmm
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*awaiting the EIA report (10.30am)....

back soon


10.32am.. 8.0 million barrel surplus.... ugly.     Oil -2.3% in the $44s.

notable weakness. VRX -20%.. after claims the whole company is a fraud.