10am update - the last QE

US equities open moderately lower, but its nothing significant, and the market will likely see moderate chop until Wednesday afternoon. Meanwhile, it is highly notable that the last QE-pomo is due this hour.. a mere $1bn of 'new money' to be thrown at Mr Market


sp'monthly8

sp'weekly7

Summary

*the opening weekly 'rainbow' candle was green.. but has just turned blue...
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**A monthly close in the 1950s.. or lower... is pretty important for the bears to achieve.
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There is a lot going on... but suffice to say.... energy prices weak, Nat' gas -1.6%, with Oil -2.3%, and that is not helping the energy sector.

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Notable weakness, CHK -5.4%.... the recent gains are strongly fading.
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10.32am.. chop chop... VIX cooling already...

Regardless, I think most will be in a holding pattern until the FOMC of Wednesday afternoon.

BTU fails to hold $10.... headed for $5... almost certainly.