10am update - market still vulnerable

Equities open a little higher, but the market looks highly vulnerable to breaking lower at any point today. It is arguable that sp'1988 makes little sense as a short term low, a hit of the 200dma of 1965 still looks a valid target. Gold continues to build gains, +$10. Oil is bouncing +2%


sp'60min

GLD, daily

Summary

*eyes on the FX brokers... FXCM was lower by around 90% in the pre-market.. but is currently halted.
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Notable strength, energy stocks, Oil/gas drillers, RIG +2%, SDRL +4%.

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back soon...