1pm update - Trans breaks a new multi month low

Whilst the broader market is only moderately lower - and holding above the Tuesday low, there is significant weakness in the Transports, -1.2% @ 8338... back to levels from last October.  VIX continues to battle for a break into the 14s. Metals are flat, whilst energy prices are very weak.


Trans, daily

USO, daily

Summary

*USD is cooling, -0.2% in the DXY 97.13s. All things considered, Gold/Oil are not performing well today.
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So... Transports continues to fall.. despite Oil prices also falling. What to make of it?

Well.. they don't call it the 'old leader' for nothing. Dwell on that thought for an hour.
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notable weakness: oil/gas drillers, RIG -3%, SDRL -7%

strength: TWTR +1.9%.. a few 'bargain hunter' momo chasers?