11am update - failed opening gains

US equities opened higher... but indexes have already turned red.. as confimed in a VIX, having swung from 17.05 to the low 20s. Metals have similarly swung.. Gold, from -$13 or so, +$8. Oil remains weak, -2%. Notable strength in Nat' gas +3.8%


sp'daily5

VIX, daily3

Summary

*back from a few hours sleep.. it helped.. sorta.
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So much for the opening gains, an opening reversal to start the year. Hmmm

Next downside key target is the 50 day MA of sp'2037,  by next Mon/Tue that will be around 2040.

VIX is notably higher for the fifth consecutive day.. with a break above the key 20 threshold. Frankly... it is surprising to see.
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Notable weakness: TSLA, -3.4%

With oil continuing to slide, the oil/gas drillers are very weak, RIG -2.3%, SDRL -1.8%