sp'daily5
Summary
*retail sales miss... -0.3%, not exactly inspiring.
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Well... the open sure is going to surprise many... myself included. The sp'1850s... which will probably equate to VIX in the 26/27s. Indeed, if VIX 28s today, then it will surpass the 2012 high.
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Doom chat, Hunter with Mr Shadowstats.
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Early movers...
DRYS -6%... still sinking
INTC -3.5%, post earnings.. even though the numbers were arguably fine.
Long day ahead... and it sure won't be dull...
9.19am.. sp -20pts, .... so that is 1857. .. 163pts below the Sept' top.... -8%
9.22am.. sp-21pts... 1856.
The big question remains... where the hell is this going to find support? Are we really just going to keep falling into the 1700s? On any basis, this is still some kind of first wave down... just consider what the next major wave lower will be like...
9.27am... sp -24pts... 1853.....
'Enjoy the open'....I guess you could say....
9.31am.. VIX jumps 15%... to the 26s.... today... confirming the equity weakness.
9.34am.. Dow/SP' monthly 'rainbow' candles turn red for the first time since Sept'2011.
9.40am.. sp'1830s... with VIX 26s.... I'm almost surprised the VIX isn't exploding higher far more. hmmm
9.43am.. VIX still climbing...+20% in the 27s.... testing the summer 2012 high.
VIX breaks the 2012 high of 27.73,,,,
We're back to levels not seen since 2011.
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9.48am.. micro bounce... 1938 to 1952... . VIX cooling.
Regardless, I ain't buying, we could easily see another down cycle by 11am...
Carnage in the miners... BTU -6%... low $10s.