10am update - opening warning to the bears

Equities open a little lower, but the VIX is flashing a major warning to the equity bears to 'make a run for it'.. with a very clear black-fail candle. Equities are similarly starting to put in a rather strong floor-spike. QE of $1.7bn awaits this morning.


VIX'60min

sp'60min

Summary

Suffice to say.. such black candles are not to be dismissed lightly.

Considering the hourly VIX/equity MACD cycles... bears should be very cautious today.
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Notable early strength: coal miners, BTU +3.4%... but then, the sector remains utterly destroyed.


10.05am.. tea and chocolates (yeah, thats my breakfast)..helps...

Indexes turning green... VIX set to turn red.


10.13am.. King O' appears to tout some air strikes.... great... just great.

Indexes are seeing some chop... but broadly, I'd expect to see the sp'2000s today.