sp'60min
Summary
*overnight action, saw a low equiv' to sp -16pts... 2064, and indeed, equity bears should already be somewhat disappointed.
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So.. we're set to open lower, but equities are holding up very well relative to the major drop in Oil.
Targets? Clearly, the gap zone of 2065/61 looks set to be filled today. A close in the 2050s looks difficult though.
Far more important is the most recent key low of 2033. Until that is broken, equity bears should be concerned another higher high is still viable... if not probable.
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early movers...
CHK -6%
FCX -4.5%
RIG -4.5%, SDRL -7%
*pre-market VIX +6.5% in the 14.50s
Since last week I've noticed I'm getting pre-market VIX quotes. Not sure if other trading screens were offering that... but its new to me.
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Overnight action
Japan: -3.4% @ 16275
China: -1.4% @ 3033
Germany: currently -0.1% @ 10036
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Have a good Monday... if you can.