12pm update - equities still weak

The market remains moderately weak, but still above the Wed' morning low of sp'1982. Price structure on the bigger daily charts remains a pretty major bull flag. Metals remain dire.. Gold -$9.


sp'60min

vix'60min

Summary

So.. we're still weak..and the low sp'1970s remain viable... although that seems unlikely today.

For me, a key issue will be VIX 15s... which is very likely the best the equity bears can hope for.

Notable weakness in the oil/gas sector, RIG -2.9%, SDRL -5.1%.

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time for lunch
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12.34pm... watching Schiff on clown finance TV... hmm

sp'1987.....weak....VIX creeping higher.