The market is clearly rattled from the lack of action from Mr Draghi. Yet...more than anything this morning, whats up with the VIX ? Dow was -100, and VIX -2% Huh? I've seen plenty of weird VIX action over the years, but this really is one of the strangest VIX openings I've seen.
VIX, 60min
sp'60min
Summary
VIX is not confirming the opening falls, and remains a very major problem for those bears seeking major falls across the day. I'm really not sure what to make of it.
Regardless, what is clear, the daily charts ARE rolling over, so I'd look for declines into the Friday close, but it will probably be a real chop-fest.
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stock of the morning...
KCG, who are paying the price for their incompetence and dark-sided use of the auto-trading algo-bots.
