11am update - are we still open?

US equities are increasingly muted.. with still a long day ahead. A broadly flat close seems highly probable... with VIX in the 17/16s. Gold has been unable to hold most of the opening gains... whilst Oil remains notably weak, -1.3% in the $48s.


USO, 60min

USO, weekly2

Summary

Little to add.

A day where the market is in a holding pattern ahead of more earnings... not least from FB, INTC, and NFLX.

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*I'm increasingly interested in Oil (regardless of GS comments/nonsense).. as the weekly cycles remain outright bullish.

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notable weakness..

Despite the slightly higher VIX.. the infamous TVIX/UXVY continue to degrade..

TVIX, daily

*VIX opex is at this coming Wed' open.