10am update - opening weakness

US equities open moderately weak, and there is a distinct lack of any downside power from the equity bears.. as reflected in the VIX, +1% in the 18s. The precious metals are on the slide, Gold -$5, whilst Silver is -2.5%. Oil is battling to build early gains of 0.5% in the $48s.


sp'60min

SLV, daily

Summary

What should be clear... despite all the negative news - not least from Deutsche Bank (DB) and Credit Suisse (CS), the market is holding up very well.

If the FOMC mins' is taken as 'fine' later today.. a daily close in the sp'2000s will be due.

Broadly.. the market still looks headed higher.. into the 2040/60 zone.
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notable strength: NFLX +1.8% in the $110s... 'Jessica Jones' will be a bullish sign next month :)
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notable weakness... AAPL.. -1.6%

That sure don't look pretty..  obvious target would be the psy' level of $100.