10am update - opening gains are vulnerable

The main indexes are higher, but so far..not yet clearing yesterdays high of sp'1656. Bulls really need to break into the 1660s today, or new lows still look viable late today/early Friday. VIX is -6%, back in the 14s. Gold +$7, Oil is a touch higher, but still generally struggling.


sp'60min

vix'60min

Summary

The opening index gains are VERY vulnerable to failing this morning.

Certainly, it remains a tricky market, not least with the 10yr yield opening at 2.91%
--

For those going long, the obvious stop level is 1640/38.
--

*I am not chasing the higher open, and I certainly won't be shorting the indexes until 1680s. I'd much prefer just going long 1635/25