US equities open a little higher, but look a little vulnerable. Equity bears just need a daily close <sp'2115 to break the bearish wedge.... along with VIX 14s to offer added clarity. The Greek situation is far from resolved, and there remains high risk of weakness into end month.
sp'60min
VIX'60min
Summary
A lot of things are going on... not least in the USD, +1.3% in the DXY 95s. I'm unsure if we're now seeing a major new wave higher. In any case, metals/oil will be under pressure on any sustained dollar strength.
So.. lets see if we can get a daily close <2115. Even then.. bears can't get moderately excited unless back under the 2100 threshold.
notable weakness: Seagate (STX), -2.2%...
*I remain short INTC, I'd sure like a daily close under the $32 threshold.
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re: 16309 - composer James Horner died in a plane crash yesterday. One of my top 3 film scorers, I would imagine many people wouldn't identify with the name, but they'd sure recognise many of the themes.
Other themes... across the day I think.
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stay tuned.. and stay out of small planes and helicopters.
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10.11am.. VIX knocked to 11.93..... truly... bizarre. Some 'games' being played by 'them' again?
10.21am.. INTC -1.0%... in the $31.90s.... pretty good so far today..... first soft target is 30.50... lower daily bol'.. that will likely take 2-3 days though.