11am update - the twitchy VIX

Whilst equities have turned fractionally red across most indexes, the kooky action is in the VIX.. which remains exceedingly 'twitchy'. VIX has seen some bizarre price prints from 17.77, to 23.69. The upper gap zone of 25 remains viable.. if sp'1990/80.. whether late today.. or tomorrow.


VIX'5min

sp'daily3

Summary

So... opening gains.. major fail.

Overall... time for the equity bears is running out. There can be NO excuses after Wednesday afternoon.
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time to shop.. back soon.

10am update - opening gains

US equities open higher, but the trend from last week remains bearish for another few days. Metals remain weak, Gold -$12. Oil has turned lower, -0.4%. The window for equity bears is closing.... Yellen will be here Wednesday.


sp'60min

GLD, daily

Summary

No doubt, a lot of equity bears are getting real annoyed, but there remains high chance of another wave lower.

If sp'2000 fails... then 1980.... but really, that merely make for a better buying level.
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stay tuned. We have an interesting week ahead!

Pre-Market Brief

Good morning. Futures are moderately higher, sp +6pts, we're set to open at 2008. Metals are weak, Gold -$3. Energy prices are rising, Nat' gas +2.0%, whilst Oil is +0.4%. With Yellen due on Wednesday, the equity bears are fast running out of time.


sp'daily5

Summary

So.. we're set to open a little higher, but really, its nothing significant, and with still a few days until the FOMC, there is high chance of another wave lower, late today... or tomorrow.

In either case.. the FOMC clock is ticking, and we're getting real close to a key turn.. with much higher levels due into next year.

Notable early weakness, GDX -1.6%.. with a likely down week for Gold.. esp' post FOMC.

Strength: TWTR +2.4%

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Update from Oscar


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Have a good week