11am update - increasingly weak

US equities look weak, with the important daily 10MA of sp'2039 set to be broken today.  Precious metals have snapped sharply lower, Gold -$18. Oil is turning negative after inventories come in 'overly high'.


sp'daily5

VIX'daily3

Summary

*VIX looks set for the 16/17s in the near term.
--

Finally.. the tedious price action of the past few weeks looks like it is coming to an end.

The sp'500.. and even the Dow, look set to follow the Trans/R2K, which have been warning of trouble for the last 4-5 days.
-

11.01am.. R2K getting the smack down... -1.6%.... looking ugly.

time for a somewhat early lunch :)