11am update - provisional break of trend

US equities are increasingly shaky, with the sp' moderately lower, -0.5% @ 2006. It remains notable that the Transports broke a new historic high.. greatly helped by the airlines... themselves helped by Oil.... -2.1%. VIX is +5% in the mid 15s.


sp'60min

Summary

So.. we have a somewhat interesting break. First downside target by Friday are the sp'1970s.. but that merely gets us back to where we were last Thursday morning... urghh.

I'll no doubt say it many times across the next week or so.. but until we're back under sp'1900.. equity bears have nothing to tout... not least whilst the Transports is still breaking new highs.

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Notable weakness, Oil/gas drillers...

SDRL, weekly

I will probably cover the drillers in my 'fair value' page later after the close.
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time to cook


11.12am.. sp'500 approaching first key support at the giant 2000 threshold.. where is also gap support.

VIX +7%.. making a play for the 16s.