10am update - opening weakness

US equities are on the slide, with the sp' losing the 2100 threshold.. and unable to hold the 50dma of 2099. Further downside into the 2080s - along with VIX 16s, looks due. USD is seeing rather significant weakness, -1.2% in the DXY 96.20s (intra low 95.74).  Metals and Oil are naturally being pressured upward


sp'60min

VIX'daily3

Summary

We're certainly seeing some dynamic moves already today.

There is little doubt we're headed broadly lower across today.. and probably into early tomorrow.

Lower trend is offering a daily close of sp -24pts @ 2087.. that'd be likely equate to VIX 16s... which is probably close to as good as it will get for the bears this week.
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notable weakness, airlines, DAL/UAL, both lower by around -2.5%
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stay tuned
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10.01am   Factory orders: -0.4%.. vs prev. 2.1%...  lousy number... nothing good there.


10.31am.. so.. the usual nonsense rebound.. but still... market remains broadly weak.

notable strength.... BTU +9%..... the miners are catching some interest today.... FCX, TCK