*stockcharts is FAILING to update... hopefully it will not be broken for the whole day. However I can still draw on my charts though!
sp'daily5
Summary
A relatively subdued open.. considering the news. Are the China govt' trying to buy the US market too?
--
More than anything right now.. VIX has rapidly cooled from the open. No doubt.. the opening candle is now a giant black-fail.. with an opening spike high of 18.95.... now 17.50.
We saw a sig' 20pt upward swing last Monday though... and that day didn't end so well for the bull maniacs (sp -43pts).
--
notable weakness: CHK -2.9%, BTU -7.5%... energy sector naturally having serious issues.
strength - airlines, DAL +0.5%, UAL +2.8%
Long day ahead...
-
PMI service sector: 54.8... a touch weak... but broadly... favours the bulls
ISM service sector: 56.0 , market was seeking 56.0.. again.. and something for the bulls.. esp' in terms of GDP projections.
-
10.06am.. So err... who wants to go long at sp'2066?
Thats right, I didn't think so.
-
Uber bull... Mr Lee makes an appearence...
It still amuses, Lee was most upset last week at one of the lunch time analysts who said he is never bearish, lol
-
10.24am.... sp -7pts... 2069... almost a full gap fill.... latter day weakness.. BELOW the morning low looks due.
notable weakness, Seagate (STX) -2.4%...
-
10.31am Stockcharts.com remains broken.. and its starting to annoy me.
sp -5pts @ 2071.
Typical turn time remains 11am..... and I would imagine we'll roll lower from there.... much like last Monday.
-
10.46am.. Hell... indexes flat/turning positive. I expect a bounce - like last Monday, but even this is starting to surprise me. VIX confirming... -0.7% in the 16.60s, a full 2pts from the opening high.
Regardless... 11am remains a usual ceiling