sp'60min
VIX'60min'2
Summary
*CHICAGO PMI 54.7... a clearly non-recessionary number, and much better than the market expectation of 50.0.
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The final day of the month is proving to be pretty wild already... we have a long day ahead!
It remains the case that from a pure cyclical perspective, we're due increasing weakness into the weekend... and probably.. next Monday.
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notable weakness: BABA -1.2%
TWTR -1.8%... with the psy' level of $30 within range... and it won't likely hold.
LNKD, -9.6%... utterly hillarious reversal from the AH gain of 12%.
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Hourly equity/VIX cycles are set for bearish/bullish crosses respectively.. by lunch time.... so.. we should in theory see increasing weakness across the day.
All thats missing is a 'spooky' Greek news headline.
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10.01am.. consumer sentiment 93.1.... broadly inline...
10.06am.. Eyes on AAPL.. if it loses the $119 low... that is a major signal
. watching
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notable weakness, XOM and CVX, both -4.5%... on lousy earnings
10.32am.. chop chop.... eyes on AAPL... already hitting $120s.