12 June 2013

SP 500 and NDX Futures Daily Charts - Front Running For a Fee


Stocks gave it up today on mostly international jitters, with the political situation in Turkey and the economic situation in Japan.

VIX has now reach the levels that have signaled the recent high water marks.

Tomorrow we get US unemployment claims, Ex-Im Prices, and Retail Sales.

Any further weakness risks stocks slipping out of their short term trend channels and providing a more interesting test of support.





SP 500 Futures Intraday


Let's see if and where the equity market finds support.

I will be 'rolling over' the June contract to September by the end of the week.



NAV Premiums of Certain Precious Metal Trusts and Funds


Subdued pricing even with today's little rally.

The specs are licking their chops to sell into an anticipated Friday decline, based on their recent experience. It is merely a herd behavior, similar to 'rally Tuesday' in stocks.  That decline is generally for the period after the world markets close for the weekend.