sp'60min
sp'daily3 - fib levels
Summary
There are a fair few reasons why sp'2000 should be tested in any retrace... should equate to at least VIX 16/17s.
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updates into the close... especially if we break the morning low of sp'2040.
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3.05pm... Main market looks weak...
Momo stocks are having real problems... TWTR, NFLX.. both -3%... nothing positive there at all.
Eyes to the VIX, a daily close in the 15s would be a major signal... just need sub' sp'2040
3.16pm.. Watching Santelli yelling at the Liesman... kinda funny... but still... tiresome.
Just getting a broader market decline of -0.5%... so damn difficult.
VIX showing near zero concern... flat lining.... +2% @14.20s.
notable weakness.. Metals... Gold -$14... FOUR attempts today to break positive... and failed to hold.
3.37pm... Market really teasing the bears..... still no clear break. The Trans/R2K remain notably weak.
Gold bugs been through the washing machine today.... +3.. -22. +3... -13 +2... .. back to -$15.
......... more on the metals... on my other page... after the close!
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Oil/gas drillers having continued problems.... RIG $25... SDRL $20..... broader targets on those are $20/17... and $12/10 respectively.... so long as Oil continues to slip lower...
Spring 2015 bargains in the energy sector....
3.48pm.. Depressingly.. no daily close viable on the sp'500.. under the 10MA. Oh well.. maybe tomorrow.
*there is a truck load of econ-data tomorrow.... along with 2 fed officials on the loose.
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back at the close