11am update - morning bounce

US equities are making a semi-serious play to rebound, with the Trans/R2K already moderately green. Price action remains very choppy though, and a further wave lower still seems highly probable. VIX has cooled from the 29s to 25s.


sp'daily5b

VIX'daily3

Summary

So... a few indexes are already positive, but still, as many recognise, sp'1820 does not make for a particularly solid floor - not least with pre-market futures -40pts.

Notable strength: CHK +15%.. on a $5bn asset sale to SW Energy

DRYS +9%.. but then..its been cut in half recently.

NFLX -20%... still looks headed for the 310/300 zone.
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Oil remains weak, -0.4%, but well above the lows.. and back in the $80/81s.