US equities remain subdued, choppy, and continue to lean on the weaker side. A daily close under sp'2100 (along with the 50dma) looks due.. with VIX begining a new up wave. Metals and Oil remain broadly weak.. as the USD remains close to the giant DXY 100 threshold.
*I highlight the Dow as its arguably now leading the way lower, and the large caps' remain highly vulnerable to a stronger USD
We've already seen a hint of the underlying weakness, and from a pure cyclical perspective, everything is currently lined up in favour of the equity bears... including the following....
...few will have noticed.. or likely care, but US bonds are set to breakout.... with a probable two months of upside into late Sept/early Oct.
VIX update from Mr T.
time for tea.
12.14pm.. HUGE vol'/trades in AAPL.. as it loses the $120 threshold.
Any action in the $118s... and its a major problem for the bull maniacs.