12pm update - still moderately weak

The sp'500 has lost the 2100 psy' level, and now looks headed to the 2090/85 zone.. where the 50dma is lurking. VIX is on the rise, +9% in the low 14s. Precious metals are holding moderate gains, Gold +$6, with Silver +1.1%. Oil continues to battle upward, +3.3% in the $60s.


sp'daily5

VIX'daily3

Summary

*VIX is naturally stuck at the upper gap zone resistance.. it will be difficult to break/hold much above 15/16. The bigger weekly cycle is threatening a major problem in about 2-3 weeks.. but for now.. its still trapped within a narrow range.
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So... we're on the slide, but as ever.. the declines are not significant. It would seem the market wants to fall into the Friday jobs data.. and then climb after.
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notable weakness: BABA -2.6% in the $78s.. having lost critical support @ $80.00

airlines, DAL/UAL, both lower by around -2.5% as Oil prices rise.

strength: SDRL +11.9%.... as the energy chasers pile in.

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VIX update from Mr T.


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time to cook