Ukraine Situation Pretty Cloudy

It's increasingly difficult to sort out what is actually what in Ukraine right now as initial reports that sent stocks to intraday lows were that part of the Russian Aide convoy was destroyed by Ukrainian forces, but don't forget the overnight reports of Russian armor advancing inside Ukraine overnight. It seems as if it was that was the area of conflict.

CNBC is reporting the following:

A Ukrainian military spokesman said Friday that Ukraine forces have engaged a Russian armored column on Ukrainian soil and "part of it no longer exists."

Russia's foreign ministry, meanwhile, said Ukrainian forces are engaging in intense fighting in Eastern Ukraine to stop humanitarian aid to the region.

It is unclear whether the fighting is focused on an armored vehicle convoy or the aid shipments.

So far the intraday 3C charts look as you'd expect on this initial news, the issue is initial reports are always pretty far from the actual situation, so I'll be looking for any advance market knowledge as they tend to get it first, I suspect that's why the overnight futures had some nasty negative divergences, the story of Russian APC's entering Ukraine overnight.