sp'60min
vix'60min
Summary
So...Mr market kicked the bears in the opening hour, and now is kicking out the weaker bulls.
Overall, the recent price action is still indicative of underlying strength.
The notion of a break <1800 still seems implausible.
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Notable weakness: DRYS, -4.4%...as the BDI slips again
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2.25pm...market just slowly melting lower...headed for 1818 or so...probably early tomorrow.
Anyone getting overly excited about the index declines of -0.9% needs to go stare at a weekly/monthly chart for the rest of the day.
What will be really telling is where we are at the Wednesday close..after the weeks biggest tranche of Benny/Janet Bux.
Despite the weakness, NFLX and TWTR both holding reasonable gains.
2.33pm... 7pts to go...to hit 1818..although it seems more likely tomorrow..than today.