US equities remain moderately weak, and are certainly not helped as Oil is -5.2% in the $30s. Equity price structure is offering a nano scale bear flag, with likely new lows into today's close. It would seem the sp'1870s are due - along with VIX 26s, before renewed upside.
Suffice to add.. energy stocks are getting trashed.
The down grade of CAT ain't helping either... as serious concerns remain about the commodity collapse wave that began all the way back in spring 2011.
back at 2pm