10am update - opening reversal

US equity indexes open higher, but the gains have quickly faded. The VIX has turned positive, and looks set for the 14/15s (at least) before the weekend. Metals are a little weak, Gold -$1, with Silver -0.3%. Oil continues to cool, -0.9% in the $59s.


sp'60min

VIX'60min

Summary

*Classic opening reversal... with black-fail candles all over the place.
--

So much for the overnight gains... we're set for further weakness today...  and into the weekend.

I remain waiting for more whining and bitching from Greek leader Tsipras. He is clearly looking to hold out for more concessions from the Troika... as the clock ticks closer to end month.

--
notable weakness, NFLX

Daily chart looks plain ugly.... first target is the little price gap zone around $600, which is a full 10% lower.