sp'60min
VIX'60min
Summary
Well, we have just two hours left of the trading week. It remains notable that despite today, we've seen new historic highs (if marginal) in the R2K and NYSE comp' this week.
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Equity bulls are so far unwilling to pile back in. This is somewhat understandable, as China will probably open sharply lower next Monday.
There is also the 'who wants to hold long across the weekend?' issue.
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notable strength: STX +4.3%... post earnings... and a technical breakout above the 50dma.
2.24pm...things are so bad.. even NFLX is in danger of turning red!
Clearly, a day for the bears.. and they (largely) have the Chinese leadership to thanks. Reminds me of SINA last week, where the China Govt' threatened them with a shutdown for not censoring enough.
VIX breaks a new cycle high of 15.02, but then.. that is still a bizarrely low level.. the big 20 threshold looks a long way up.