10am update - morning washout

US equities open moderately lower, but the Tuesday low of sp'2044 looks likely to hold. The smaller 60/15min cycles are suggestive of a floor in the 2060/50 zone by 11am... a net daily gain remains very possible. USD is bizarrely weak, -0.5% in the DXY 96.30s.


sp'15min cycle

Summary

*there is a great deal to cover, and my head is spinning today for other reasons... urgh. Maybe I should have bought that bottle of wine in the store just now?
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Seriously though.. a wave lower was expected this morning.... now its a case of whether we can close positive.. much like yesterday.

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I've eyes on INTC...

15min cycle.

So long as it holds the $29s... I'll be content to go long in this hour.
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9.59am.. LONG INTC, from $29.40.    Maybe I'm a bit early.. but I waited an extra.. having watched it hit $29.09 yesterday.
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10.10am.. Well, I was indeed early.. INTC immediate drops another 20 cents to $29.20.

VIX reflecting some notable market concern.. +12% @ 18.06....     equity bulls should want to see that cool into the low 17s.. by the close.


10.26am.. VIX cooling a little.. back into the 17s....

It would seem we have a morning low of sp'2056.. with VIX having maxed out @ 18.34.

*INTC holds the $29s... with a marginally higher low of $29.20....  the $30.00 threshold is viable late today...  I can hope.. right?