10am update - opening reversal

Equities open moderately lower, but there are already numerous signs of a reversal, not least in the VIX which looks set to turn red. There is notable strength in the metals, Gold +$6, whilst Oil is +1.1%.


sp'60min

Summary

Minor chop... nothing of any significance. With QE this morning... bears face the usual problems.

R2K, offering a reversal...

Equity bulls need a break back into the 1170s to decisively end the slide from 1213.
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stay tuned


10.02am.. ..and the VIX turns red.

*phil fed came in a fair bit better than market expected, so everything is fine again, ha.