12pm update - moderate declines

US equities are lower, with the sp'500 so far managing to hit 2001, with VIX 15.93. A post election decline to the sp'1970s - with VIX 17/18s looks viable by end week. Oil remains in free fall, -2.8% in the $76s.


sp'60min

Summary

Interesting morning, especially for the energy sector, but overall.... its still small moves. The fact the Trans broke a new historic high this morning remains a major problem for those in bear land.

The 1970s do look a reasonable target, but what then?

No clarity unless <1900.

--
VIX update from Mr T.


--
time for tea.