10am update - quiet open

The main indexes open somewhat mixed, with the Dow +33pts, sp -2pts, but Nasdaq moderately lower after AAPL drops 5%. Metals are a touch lower, whilst Oil is slightly higher. 10yr yield is a touch lower at 2.94. Today will most likely be one of..nothing.


sp'60min

vix'60min

Summary

*opening black candle on the VIX, and reversal candle on the sp'.  a pretty lousy start for the bears.
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Today is day'10 of the rally from sp'1627.

At best...bears should look for a moderately lower close, but even that looks difficult. There simply isn't any power on the downside, and there is no news..no anything to motivate this market lower.

Urghhh
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AAPL, daily

A golden cross, but today's gap lower is a major break..although - like the main indexes, we have an opening reversal candle.

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I will start to take things seriously if VIX back in mid 15s..with sp <1670..but neither of those look likely today.