US equities are seeing another attempt to rally, but the damage has been done, with multiple aspects of support already decisively broken. Metals are holding sig' gains, Gold +$15. Oil has seen a strong swing to the downside, currently -0.7% in the $36s.
*the downside reversal in Oil sure isn't helping the market mood.
So... a morning low of sp'1989, with an open gap around 2040, although that looks out of range in the near term.
VIX is holding almost all of the gains, +21% in the 22s. VIX sure isn't suggestive equities have seen a multi-day low.
notable weakness... TSLA -7.4% in the $222s
FCX -5% in the $6.40s.. Freeport would be one of my top 5 names on the 'implosion list' this spring/summer.
back at 2pm