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This week promises to be volatile- Healthcare weakness continues

Gm - US Futures have recovered from last night's 2116 lows & have managed to rally nearly 10 handles off the lows though still negative for the morning- so despite a very good BAC number, Equity futures still cannot turn positive-  Most of Europe is lower by 0.50%, and seeing just fractional movement this am in either US Dollar or TY yieldss- Notable that Bund yields have pressed up even higher to levels seen just before BREXIT at +0.07 bps-  Overall as we enter the last full 2 weeks of October and expiration week as earnings come into full swing-  BAC beat has provided an early lift to Financials, and HAS also positive while JBHT lower after missing estimates-  IBM, NFLX, on deck for post close today-  OVerall, trend remains negative for this week & still a greater likelihood of a retest and break of last week's lows given recent deterioration in momentum and breadth during this seasonally volatile time.  Key for S&P in the next 1-2 days will depend on ability to get back above Friday's highs 2143 for the bulls, which would be a positive development while early am 2116 very important as a stop for longs and under suggests a break of 2107 and test/break of 2100-  This morning's Weekly Technical Perspective discusses Healthcare and the likelihood that this continues lower given recent breakdown and weakness and as Hillary's chances improve.. Still seeing meaningful pressure in this group-  Early gainers in OMER, HAS, AMD, BAC, while on downside- P, BCEI, CARA, DNKN, LOW-  For this week, a defensive stance should prove correct..and partiuclarly under 2116, 2107, downside acceleration likely-  Let me know if you have any questions