3pm update - chop into the close

Having clawed from the earlier low of sp'2019, the market looks set for some moderate chop into the close. The bull maniacs should be content with any close in the 2040s, which keeps the door open for a key break >2064 as early as late Wed' afternoon. Metals and Oil both holding somewhat significant gains.


sp'60min

VIX'60min

Summary

*awaiting AAPL earnings at the close (4.30pm.. I believe)
--

So... an interesting day... and the equity bears justifiably whacked the market lower on what have been some clear earnings misses... but also on guidance issues in terms of strong USD concerns.

Overall though, I can't take much of it seriously. Nothing has changed.

The EU QE-pomo program hasn't even started yet, and I'm still seeing chatter about a key top being put in.... err... no.
--

Notable strength: miners, GDX +2.9%...
--

... barring renewed weakness......... back at the close


3.30pm.. oh well, renewed weakness, sp -25pts @ 2031... clearly the 2040s are out for today.

Notable weakness, INTC -4.2%...