3pm update - vulnerable into the close

US equity indexes are looking increasingly vulnerable into the close, with net minor daily declines viable. Oil inventories are unlikely to be 'inspiring', and it bodes in favour of equity bears for Wed' morning. Metals remain weak, Gold -$10, with Silver -0.2%. Oil is -3.0% in the low $40s.


sp'60min

USO' daily2

Summary

*re: oil inventories: API due in AH, EIA oil report.. due Wed' 10.30am.
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We have a short term high of sp'2066...  the Monday opening low of 2019 should comfortably hold tomorrow.. and indeed.. for at least some weeks.
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notable weakness...

CHK -7.4%
FCX -5.3%
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3.05pm... meanwhile... just to the west of yours truly...

England vs France... so far.. its all rather subdued.

Not a great night in London city... as Winter storm 'Barney' is sweeping eastward.
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3.14pm.. sp -6pts...  VIX is powering upward...

60min

Kinda interesting.. but even if VIX breaks above the Friday high.. equity bears need to see sp' <2019.. and that looks extremely unlikely.
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3.35pm.. chop chop... sp @ 2051.. with VIX 19s

Further weakness early tomorrow.. a brief foray into the 2030s.... and then UP.

back at the close...