10am update - opening reversal

Mr Market has begun the week with opening gains, but those have already largely failed. Bears should be battling for VIX in the 15s..with sp'1850/45. If equity bulls can hold the line there though, there remains high probability of renewed upside. Metals remain somewhat weak.


sp'60min

vix'60min

Summary

*I have my eyes on RIG and SDRL, on the long side....but first, I want to let the indexes slip lower.
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We have started the week with some pretty dynamic opening price action....at least its not boring, right?


10.00am... getting messy...indexes rebounding..and VIX cooling.

Will be a lot of confused traders after this open.
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10.03am.. RIG, SDRL continue to retrace lower...I will look to pick them both up. They are already tempting targets though after last weeks big turn.


10.10am.. Anyone else noticed AAPL ?  Its flying..for the low $600s.


10.20am.. LONG RIG from 42.60s


10.24am.. most annoying open for some weeks? Fails opening gains..reversal lower...then whipsaw higher..and VIX turns red.

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I am now eyeing SDRL for another long block.

10.32am.. LONG SDRL from the 34.50s. - seeking 36/37 


10.42am.. RIG and SDRL are starting to fly already.

Anyway..main market is holding together, and with QE tomorrow...bears face same old issues.