sp'60min
vix'60min
Summary
*Oil inventories came in much lower than last week at 4 million barrels, but its not enough to inspire the oil traders. Further, the USD strength is a constant downward pressure... as it is for the precious metals.
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Price action is much stronger than yesterday (not least with stocks like INTC +3.6%), we appear to be seeing just a minor washout wave.
Equity bulls merely need to retake the 2050s... opening up a break of the down trend for tomorrow.
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Notable weakness: oil/gas drillers, SDRL -2.6%
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It is typical turn time of course... so.. lets see if the bull maniacs can push this back into the 2050/55 zone by 2pm... I'm guessing they will.
11.15am.. VIX turns red... with sp'2046....
Metals continue to unravel... Gold -$12.... Silver breaks a new multi-year low.