11am update - market looks vulnerable

Despite breaking a new historic high on the Dow, the sp'500 failed to back it up.. and there remains a real threat of weakness for the rest of the week. Metals remain weak, but are bouncing from the lows, Gold -$17.


sp'60min

VIX'60min

Summary

*note the opening 'hollow red' reversal candle on the VIX
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The new high in the Dow is important to recognise, but the broader market... looks tired.

The VIX looks set to turn positive... with a net daily gain.  the 15s would be useful... 16s would be far more so!
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yours
    waiting for lunch
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11.05am... Notable strength, energy stocks... DVN +9.5% (post earnings)..  CHK +6.0%

VIX still -1.7%.. but I'd be surprised if we don't see it turn green.


11.37am.. VIX turns green....

Giant moon rising over the greatest capital of the world.... ;)