David Fuller's view When Wall Street was weak yesterday, I placed a breakeven stop on my Volatility Index (VIX) (weekly & daily) long because it had been moving in and out of profit. It was triggered yesterday evening causing my July position to be stopped out at 20.25 against my rollover purchase at 20.03 on 14th June, including all spread-bet dealing costs.

This remains far from an ideal trading environment so I am keeping positions small. Nevertheless, among equities and from an investment perspective the corrections seen have brought many Fullermoney themes back into buying ranges, in my opinion. However I would only nibble incrementally on easing as the environment remains choppy and confidence fragile. I do think we are on course for renewed strength in 4Q 2011, not least because of the welcome correction in the prices of many commodities and crude oil in particular.