10am update - opening chop

US equities open with some minor chop. The R2K continues to be very notable though, battling upward.. to a new historic high of 1220, near term upside looks to be the 1230s. Oil is holding minor gains, +0.4%. VIX opens higher by 11% to 16.14, but is rapidly cooling.


R2K, daily

VIX'daily3

Summary

*a notable opening black-fail candle on the VIX to begin the week. It does not bode well for anyone looking for sig' weakness into year end.
--

Little to add.. on what will likely a rather quiet day... in what is just another holiday week.
-

Notable weakness: GDX -1.5%, as the metals start to weaken, Gold -$7