10am update - weakness ahead?

Good morning. Another week begins, and in theory at least, it should be the week Mr Market uses to finally see the start of a minor retracement - somewhere in the sp'1450/40 zone. VIX is moderately higher, but it still extremely low, and its long way up just to hit the 16s.


sp'daily5

vix'daily3

Summary

I think some rather significant action later this week, from Wednesday onward. So, lets see how today and tomorrow trade.

*Durable Goods Orders came in much better than market was expecting.
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UPDATE 11am... VIX showing a little power, and for the first time this year, daily MACD cycle is positive.

A long way until the 16s though.

AMZN is a little weak, with earnings (or rather..lack of) tomorrow.