2pm update - VIX breaks into the 15s

Perhaps most notable today..despite being a small % move, is the VIX, which has broken back into the 15s, for the first time since mid October. Meanwhile...sp' has lost the 1790s....equity bulls have downside buffer of 70/80pts on the Dow, and the metals are trying to bounce.


vix'daily3

SLV'60min

Summary

Well, just two hours left of the day, and so far..bulls are failing to show any power..yet we've seen time and again, a closing hour ramp.

Of course, the last few days have seen closing hour weakness.

Rest of the day...could get pretty interesting.
--

*more QE tomorrow, and lots of data/reports, so..should at least not be dull!


2.38pm.. market trying to punch in a spike-floor.

 Bears...beware!