sp'60min
VIX'60min
Summary
*opening black-fail candle in the VIX... but now back to the highs...
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The line in the sand is pretty clear... 1903.
Despite the equity declines, the VIX really isn't showing much relative upside power.
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Yours truly is naturally somewhat focused on AAPL, which has already seen a wild swing from the mid 108s to mid 110s... and back to the 109s.
AAPL'15min
stay tuned!
10.04am.. I'm inherently biased, but I see stocks like AAPL turning positive today.... with a red VIX.
I'm wearing my flak jacket.. in the trenches... and I'm still expecting to come out of this latest trade positive.
10.24am... sp'1927.... market battling to build a floor.. with a marginally higher low (seen better on hourly chart).
VIX 27s... but that could easily turn red today.... not least as vol' will likely decline into the afternoon.
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notable weakness, copper miners, FCX -5%.. TCK -6%.. the fractionally higher USD is not helping commodities.