10am update - back on the sidelines

The main indexes are holding gains of around 0.8%, but its not quite the hyper-bullish open that many were expecting. Those bulls seeking a strong close should be somewhat concerned with a VIX that is higher, +1.5% in the low 14s. Metals and Oil remain weak.


sp'daily5

vix'daily3

Summary

*I exited index-longs at the open, sp'1703. I will not be re-shorting the indexes today, regardless of any intra-day price action.
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So...we're higher, but its actually looking a little weak out there.

Equity bears really need a VIX back in the 15s. above the declining daily 10MA before having any confidence of an FOMC upset.
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Certainly, we have a very interesting week ahead!
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AAPL is having problems... -$11...and has lost the 200 day MA

Bulls should be a little concerned with that.
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10.26am.. no power on the bear side...market rallies back after micro down-cycle. VIX set to turn red.

Looks like anyone shorting the open is about to get nailed.

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