10am update - opening minor weakness

Equities open lower, but so far there is simply no real downside power. It would seem unlikely we'll see 2000s before 1970s though. Metals are weak, Gold -$8, Silver -1.7%.. a mere 18 cents above the 2013 low. Oil/gas are lower by -1.6% & -0.6% respectively.


sp'60min

VIX'60min

Summary

*VIX is higher by just 2%.. and we have an opening black candle.

On this occasion, I'd defer to the equity price structure, and still look for VIX 15s.. in the near term.
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notable weakness, SDRL -2.4%...a clear 16% decline since recent earnings. The lower oil/gas prices sure aren't helping!

strength: airlines, DAL, UAL, but the gains are marginal..and even they will turn red, if sp'1970s.
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10.14am..  hourly MACD cycle on most indexes set to rollover again this morning... despite the opening chop.

The low sp'1970s remain a valid target, unless >1993.