10am update - VIX jumps back into the teens

US equities open moderately lower, to sp'2002, with the VIX +10% in the 13.30s. The broader trend remains fine though. Metals are starting to slide again, Gold -$3, with Silver -1.1%. The miner ETF of GDX is already lower by -1.1%


sp'60min

vix'60min

Summary

So...moderate declines to start the week.. but hey.. its a long day ahead..and there is little reason why we won't see at least some degree of latter day recovery.

First key support is the 2000/1995 zone. Under no near term outlook are we likely going under there.
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Notable early weakness: BABA -2%, but still holding the $90s.

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*I remain long, (naturally underwater, urghh)... but seeking the sp'2030s as a primary target by end month.