Monday 8 February 2016

10am update - ugly open

US equities open significantly lower, as the market mood is again pretty lousy. Now its a case of whether things spiral out of control, or if the market will cling to attempted 'inspiration' from Yellen. Gold is gaining a powerful fear bid, +$16, pushing for the $1200 threshold.


sp'60min


VIX'60min



GLD, daily



Summary

*there is a lot going on... bear with me...
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re: CHK, -40% @  $1.80s. It looks like we'll see the first implosion from this one...or SDRL within 3-6 weeks.

How will the market react to losing a familiar name?  We've not forgotten about Glencore either, have we?
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notable weakness, DB -5% in the $16s.... and that would be a system threat to the EU.
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10.37am...  An early attempt from sp'1839...  but VIX is currently at the highs.. 26.48.

CHK -45%.. as the B' word is now being used in the mainstream.