sp'60min
Summary
Well, here we go again... another day... lets see if we hit the low sp'1970s today....
A problem for the bears is $2bn or so of QE-pomo... but as ever... the selling might be enough to negate this relatively minor amount of QE fuel.
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Notable weakness: NFLX -1.8%... following on from yesterdays severe weakness in momo-land.
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Update from Mr C.
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Good wishes for Tuesday
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9.35am.. It remains depressing how weak the bears are. Even holding a decline of sp' -4pts is tough.
Regardless...a typical morning turn is around 11am... lets see if we're low 1970s then.
VIX 14.40s... won't take much to hit 15s.
9.37am.. Opening black candle on the VIX..... reversal on the equity indexes.
..really...really lame... when you consider there is $2bn of QE fuel this morning.