11am update - the swings continue

It remains a real mess, with dynamic swings in just about everything. On a pure technical basis, the hourly equity cycle is set to turn positive within the hour... offering upside into the close. Yet.. all things considered.. the threat of another washout remains high.


sp'60min

USO, daily

Summary

*Oil is now -1.5%...having been +5%..... incredible swings...
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Frankly, I can only imagine the number of margin calls out there today. It will likely take some time for things to settle down.

Now the issue is 'the ECB sure as hell better not disappoint' next Thursday. If they do fail to 'inspire'... market is going to the end month badly... something that (importantly).. did not occur in October.
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Notable weakness, BAC, -3.0% on earnings.

BBRY -16.8%... after the 'there is no bid' issue


11.36am Looks like someone hit a sell program on the momo stocks... TWTR -4.3%.. along with most of the others.