The market had a minor sell off today as traders await answers on the EU meeting to further resolve the ongoing debt crisis. Oil, gold, and most commodities led the way while hopium was spread by this morning’s durable orders number coming in slightly above expectations….really though everyone was expecting a much better #.
An interesting note was the VIX trade today. Spiking as much as 10% only to close down 0.26%.
Above all, the clam has a firm grip on risk and we will likely see more minor selling days on our way to 1450 S&P.
DOW DOWN 71
S&P DOWN 7
NASDAQ DOWN 15
GOLD DOWN $23.50 @ $1661.40
OIL – WTI DOWN $1.80 @$105.52
[youtube://http://www.youtube.com/watch?v=F9r6gV9XY7o 450 300]
[youtube://http://www.youtube.com/watch?v=Vnjt9NTQafQ 450 300]
If you enjoy the content at iBankCoin, please follow us on Twitter
