10am update - opening sharp declines

US equities open significantly lower, decisively breaking below the Monday low, so far to sp'2053. VIX has naturally jumped, +10% in the 17s. Whilst the USD is -0.1% in the DXY 98.50s, metals are seeing some chop, Gold +$2. Oil remains in implosion mode, -0.8%, having broken into the $36s.


sp'60min

VIX'60min

Summary

*opening black-fail candle in the VIX.... spiky.... bodes for a reversal.
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So.. sig' early declines, with the market having lost 29pts of the 42pt Friday gain.

As ever...11am... often a turn/floor time...so once again... lets see what kind of latter day rally we get. Considering the opening declines... net daily gains look out of range.

The one hope for Oil is with the next set of inventory reports.
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notable movers...

*there are some energy stocks that are offering the first sign that a capitulation floor (short term only) has been achieved...

RIG, -2.5% in pre-market.... now +0.3%

60min cycle

Opening reversal candle... as seen also in APC.. and numerous other stocks.
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CNX -2%... now +2.5%

SDRL -9%
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time to shop... back soon