11am update - Tsipras is not signalling the rapture

Tsipras is addressing the Greek nation once again, confirming the referendum this Sunday.. and calling for a 'no' vote to the bailout offer. Equities remain stuck under declining trend/resistance.... and there is high threat of renewed weakness into the Thursday/weekly close.


sp'60min

vix'60min

More talk... more market upset.

Summary

*a very clear bullish engulfing candle on the VIX hourly chart.... bodes strongly to the bears for rest of today.. if not also tomorrow.
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A long day ahead still.. and no doubt.. more sporadic Greek headlines will appear.

Hourly equity MACD cycle will likely rollover into the close... offering the sp'2050s tomorrow.

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There are a great many individual movers... hard to choose what to highlight..

BTU -25%... on heavy vol'.. post earnings upset

notable weakness: INTC, -1.2%.. set to lose the $30 threshold.. headed for $29.00... which should mark a low in the broader market.

Oil/gas drillers, RIG -3.5%, SDRL -4.3%.. as Oil prices drop.. over supply remains the problem... NOT demand.

AA -1.9% in the $10s....  9s look due by Sept/Oct.

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The only rapture of note today... Blondie... who is 70yrs of age...



Ahh.. the early 1980s...
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time for an early lunch