VIX'60min
VIX'daily3
Summary
Despite the gains, the VIX remains relatively subdued.
We're still seeing sporadic jumps to the upside, but for now.. sustained action above the key 20 threshold looks out of range.
--
more later... on the indexes
Monday, 7 December 2015
VIX rebounds
With equity indexes closing broadly weak, the VIX was naturally on the rise, settling +6.9% @ 15.84 (intra high 17.18). Near term outlook remains for the sp'2115/20 zone, which would likely equate to VIX 12/11s at the time of the next FOMC (Dec'16th).
VIX'60min
VIX'daily3
Summary
Despite the gains, the VIX remains relatively subdued.
We're still seeing sporadic jumps to the upside, but for now.. sustained action above the key 20 threshold looks out of range.
--
more later... on the indexes
VIX'60min
VIX'daily3
Summary
Despite the gains, the VIX remains relatively subdued.
We're still seeing sporadic jumps to the upside, but for now.. sustained action above the key 20 threshold looks out of range.
--
more later... on the indexes
Closing Brief
US equities closed broadly lower, sp -14pts @ 2077 (intra low 2066). The two leaders - Trans/R2K, settled lower by -0.9% and -1.6% respectively. Near term outlook remains for the sp'2115/20 zone... but any daily close under the 200dma (2064) would be a real problem.
sp'60min
Summary
*closing hour action: the fifth consecutive hour of moderate chop.. flooring at 2068... and then coming somewhat close to a close in the 2080s...
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With Oil trading well under the key $40 threshold it was not surprising to see the market start the week on a negative note, but I sure did not expect the 2060s... well over a 50% retrace of the Friday gains.
Regardless of the net daily decline, the market appears to have solidified a floor of sp'2066, and now looks set for another push above last the high of last Wed' morning @ 2104.
First key target remains 2115/20 zone.
It remains possible the market will push to the 2150/70 zone.. before things get overly toppy.
--
more later... on the VIX
sp'60min
Summary
*closing hour action: the fifth consecutive hour of moderate chop.. flooring at 2068... and then coming somewhat close to a close in the 2080s...
--
With Oil trading well under the key $40 threshold it was not surprising to see the market start the week on a negative note, but I sure did not expect the 2060s... well over a 50% retrace of the Friday gains.
Regardless of the net daily decline, the market appears to have solidified a floor of sp'2066, and now looks set for another push above last the high of last Wed' morning @ 2104.
First key target remains 2115/20 zone.
It remains possible the market will push to the 2150/70 zone.. before things get overly toppy.
--
more later... on the VIX
3pm update - oil remains a problem
US equities remain under pressure from the continuing collapse in Oil, currently -6.2% in the $37s. For now, there is no sign of a floor, and equities are clearly being restrained from seeing a rebound. A daily close in the sp'2080s looks a little difficult... the real issue is whether <2066 in the closing hour.
sp'60min
USO'daily2
Summary
A real train wreck in the Oil/energy sector, but its not just there.. as the miners are similarly under severe downward pressure.
notable weakness...
ETF of GDX -4.8%, as Gold -$13, with Silver -1.6%.
-
One solice to the equity bulls... the 200dma is so far holding (2064)...
sp'60min
USO'daily2
Summary
A real train wreck in the Oil/energy sector, but its not just there.. as the miners are similarly under severe downward pressure.
notable weakness...
ETF of GDX -4.8%, as Gold -$13, with Silver -1.6%.
-
One solice to the equity bulls... the 200dma is so far holding (2064)...
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