sp'daily5b
Summary
Well, here we go again.
Best guess is the above count, a sub'5th, taking us somewhere to the 1815/00 zone, with VIX in the low 30s.
Notable early mover: NFLX, -26% ($116) @ $332, no real support until 310/300 zone.
-
Update from Mr C.
--
Have a 'fun day'... I guess I could say.
-
Jobless claims: 264k.... 'fine'.
--
8.31am... Discrepency in the Futures
Clown finance TV talking about Dow -120... they are likely.... WRONG.
I show DIA lower by equivalent of -210/220pts...
I'd defer to the index ETFs every time...
... right now sp -31pts, we're set to open at 1831.
8.42am.. sp -40.. FORTY... pts, we're set to open at 1822...
8.54am.. Notable strength: CHK +11%.. on an asset sale of $5bn to SW energy.
sp -37pts.... 1825.. probably equates to VIX 30/32
9.06am.. ...set to open... Dow -250pts... sp -35pts... R2K -1.6%
9.17am.. sp -28pts, 1934.... its choppy... naturally... but still.. those are strong opening declines.... and yesterdays lows are unlikely to hold.
9.36am.. opening black-fail candle on the VIX, but still, if you assume market will break <1820.. VIX will likely keep pushing higher.