sp'60min
Summary
So.. yesterday's latter day bounce was indeed just a 'stupid bounce'... if a disturbingly powerful one (not least in R2K).
Most energy stocks are getting destroyed...
RIG, SDRL, breaking new multi-year lows, both lower by over -4%
Coal miners... BTU -4%
CHK -4.4%
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Equity bears should be seeking a break of the sp'2034 low... and that opens up 2020/15 by the Friday close.
VIX is certainly confirming today's weakness, higher for the third consecutive day.
VIX'Daily'3
time to cook... back soon