10am update - minor weakness

US indexes open moderately lower, and indeed.. it is surely just another little tease to the equity bears. Metals are battling to hold minor gains, Gold +$2. There is notable weakness in Oil, -0.9%, and that is probably helping the airline stocks.


sp'60min

vix'60min

Summary

*I'm keeping some attention on AMZN. Across the last few years, many times I have seen that crazy nonsense manage a net daily gain... even when it opens -10%. I'll never trade it, but it is one to watch, as a fine example of the lunacy in this market.
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So..we're moderately lower...and indeed.. I see this as merely another 'tease to the bears'.

Price action is NOT bearish, and the VIX is not supportive of anything significant to the downside into the weekly close.
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10.14am.. 5/15min cycles offering a provisional turn to the upside....bears in trouble now.

45mins in.. AMZN still -11%... hmm

UAL....flying high..+6%  DAL..following....+1.6%


10.37am..  VIX +1%.... completely NOT supporting the current equity weakness.