US equities are battling to put in a floor of sp'2079 (notably under the 50dma).. with the VIX maxing out around hourly cycle resistance, at 14.44. Metals are holding minor gains, Gold +$4. Oil is cooling, -0.7%.. but still higher by around 9% this week.
So... a viable floor of sp'2083.. but clearly... its going to take some hours to get any reasonable clarity.
Frankly, the equity bears should be in the process of getting short-stopped out. One day of weakness - due to EU/Asia market concerns, does not negate the broader US trend.
Did we already forget the R2K and NYSE Comp' were breaking new historic highs this week?
notable strength: Seagate (STX) +4.0%.. after earnings
weakness, BABA, -2.5%... in danger of breaking key rising support
VIX update from Mr T
time for tea