sp'60min
VIX'60min
Summary
The 11am candle offered a rather good floor at 2066... but this past hour has not showed any real follow through.
It remains a somewhat strange day.. other than the continued broad weakness in Oil, there is little reason for today to be anything other than minor weakness.. before resuming higher.
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notable weakness...
CHK, daily
The horror continues in the oil/gas sector. CHK was in the $29s in summer 2014.. now the $3s look viable in the near term. Even a near 50% jump to $6.00 (into Jan' 2016) would in no way negate the broader downward trend.
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stay tuned