2pm update - still weak

US equities are continuing to slip, sp' -11pts @ 2081, with particular weakness in the Transports (-1.9%) and the Nasdaq (-1.0%). USD is also increasingly weak, -0.9% @ DXY 95.40s. Metals are creeping higher, Gold +$3. Oil remains sig' weak, -1.4% in the $58s.


sp'60min

Summary

Few buyers out there today, but neither are there many sellers. Overall, its pretty tedious, aside from the downside in the Transports.. and a few of the tech stocks.

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I mentioned INTC in the previous hour.... here is something I am looking at...

INTC, weekly

If correct, it has rather important implications for the broader market. Will be interesting to see if it can keep falling to the low $29s... and then bounce.

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meanwhile...

NASA... balloon.. with a saucer...



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2.38pm... market making a play to put in a floor.... clearly though.. a daily close in the 2100s now looks out of range.

Eyes on INTC