10am update - another rally attempt to fail

Good mornng. The market opens with moderate gains, but it sure doesn't look like they'll hold. VIX is a touch lower, but so far, it has not broken yesterdays low.


sp'60min

sp'daily5

Summary

Opening gains starting to weaken..we're almost red already.

*retail sales came in a touch lower for October, and there should be the real concern that the 'black Friday' (Nov'23) holiday shopping period will be much weaker than last week. As ever, we'll just have to see how much free cash the American consumer has to spend.
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FB is seeing a stupid bounce +7% or so, it won't last. Its merely another opportunity to short, just like that stupid 25% day was a few weeks ago.

back at 12pm