sp'daily5
Summary
*jobless:287k, a touch better than expected.
--
Well, after yesterday afternoons madness, it is difficult to know what to say. Even if somehow we could close in the 1940s today, it would still make a very difficult situation for those who believe further weakness is still possible.
Anyway, the only important near term resistance left now is sp'1977
--
With the Wednesday jump... Oscar is back to normal service
-
Good wishes for Thursday
-
9.38am... Opening weakness, but really, not much downside pressure..and with a cluster of support around 1960...bulls are so far holding up very well.
Notable strength, airlines, UAL +6%... after all.. now that Ebola is cured... nothing to worry about global air travel. Oh wait....
9.45am.. Opening candle on the VIX turns black.... this bodes badly for bears... there just isn't any downside power right now.