sp'60min
VIX'60min
Summary
*opening VIX is not surprisingly lower, and reflects a market that still believes no capital controls, no default... no GREXIT. It will be interesting to see how high the VIX can spike when those things do come to pass.
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Lets get one thing quite clear...
This market will be extremely vulnerable to fierce down swings at any time this week.. and indeed, across the rest of the summer.
The mainstream remain in near complete denial about what is going on.
The Greek bank run continues... and the broad mood is worsening.
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notable weakness: AA -1.1%, now in the $11s... already close to summer target of $10/9.
strength: airlines, DAL +2.1%, UAL +3.2%... certainly helped by the opening swing in oil prices.
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*I remain short INTC, and long VIX.. and I am very content to ride this mornings nonsense out.
INTC starting the day with a black-fail candle...
I'm sure there are a fair few others out there today...