sp'60min
Summary
*VIX is 6% higher, back in the low 12s, but the teens look somewhat unlikely. I suppose 13s are viable if sp'1962/60 today.
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So... a second morning of declines, but the declines are not significant, and we'll surely hold the 1960s.. before resuming higher.
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Notable weakness in the airlines.. UAL, DAL, AA
UAL, daily
UAL is close to key support, I'd not be surprised if this floors here.. syncing up with the sp'1960s.
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I think I should shop... I want some extra things for tonight's big game!
10-.09am.. sp'1965... probably no more than 3-5pts to go.. and then level out.
Equity bears should arguably be tightening stops now.. but I realise some will be seeking much lower levels. Price action does not support such a view though.
Notable weakness: TWTR, -4.5%, back below the $40 threshold, but I still think that nonsense is headed for $50... but more probably on earnings.