11am update - the weaker Nasdaq

Whilst there is notable moderate strength in the Trans/R2K, there is significant weakness in the Nasdaq comp', currently -1.4%, having lost what remains the key 4900 threshold. VIX has clawed into the 14s, a weekly close in the 15s is just about possible, but more viable next Monday.


Nasdaq comp', daily

VIX'daily3

Summary

Suffice to add.. anyone buying the open is now having something of a problem.

How low do we have to fall until the mainstream start to question if sp'2111 was a mid term high?
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notable weakness... CAT, daily

Testing rising trend. Equity bears should be seeking the $73/72s by end month, where we'd probably bounce.
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time to cook