10am update - seeking a break into the 1440s

Minor opening gains are looking somewhat shaky. The VIX is offering a potential reversal at the open, and a move to the low 16s still seems very possible by the Friday close. Mr $ remains higher, a break into the 81s would be very significant.


sp'daily5

VIX'60min

Summary

Baring a move to a new high >1467, I'm not too concerned at the opening minor gains.The underlying daily cycles are still rolling lower.

Notable stock of the day so far, AAPL, which remains weak, -$4

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I remain short, seeking an exit around 1445/40 late today or Thursday.
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