With no catalyst to knock the market lower, we've seen a clear bounce from rising trend.
For the equity bears... a week to forget.
I'm still guessing we'll see a few days lower, before resuming higher into August.
**The bigger bearish equity/long VIX trade is likely not until we're in the second half of August.
notable weakness, energy stocks, CHK -5.2%, BTU -3.5%, RIG -5.5%
Unless there is some closing hour news.... back at the close
Just noticed this...
A bit of a bearish spike.. at declining resistance... does bode in favour to the bears next Mon-Wed.