US equities opened moderately higher, and just like the previous two days, saw an early high, and then rolled over. Last Friday's gap of 2752/38 has been almost fully filled. There was significant weakness within industrials, with the mighty Dow settling -1.0%.
Volatility climbed for a third consecutive day, having seen the 17s. Its possible we'll briefly see the 18/19s tomorrow. No VIX above the key 20 threshold looks viable for the remainder of this week.
I might have some things to say on that appointment another day.
|One week until spring... and a rate hike.|
... and finally...
The historians of the 24th century will look back with great admiration for Prof' Hawking.
Extra charts in AH (usually around 7pm EST) @ https://twitter.com/permabear_uk
Goodnight from London
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