sp'daily5
USO' daily2
Summary
*VIX confirming the opening equity weakness, +9%... aiming for a break into the 16s.
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So, we're lower, and the sp' looks set for a fourth net daily decline... although clearly, we're yet to see any significant downside action.
Even the mainstream seem to recognise that after six weeks up... we are due a retrace.
Frankly, if we aren't at least briefly in the 2020s - where the 50dma will be by Nov'opex, I'll be surprised.
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notable weakness:
AA, -2.0%... ugly broader chart.. despite the main market ramp from August.
TSLA -1.6%
UAL -1.6%... airlines struggling, even with Oil red.
strength: Oil/gas drillers, RIG/SDRL, both +1% or so. Although broadly, both stocks remain utterly destroyed since summer 2014.
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stay tuned.