US equities are likely maxing out.. at least for a day or two. With a few aspects of resistance around sp'2100, there is viable cooling to the 2085/80 zone... before resuming higher this Wed/Thursday on Yellen 'unicorns and rainbows' chatter to the US congress/senate.
I am trying not to get lost in the minor noise... with eyes on the bigger weekly cycles. As noted earlier for the VIX, I'd have to think the equity bears could simply side-step the next 2-3 weeks.
The sporadic Greek headlines remain tiresome... how many more years of Greek drama?
notable strength: NFLX,
The momo chasers are out in force today... battling to break a new high >$706.24. I like the company, but at a current PE around 300.... (low 200s if you assume growth in 2016)... this is still an insanely priced stock.
Will be one to watch across Sept/early Oct, if the main market gets whacked lower.
*NFLX will see the stock split (7 for 1) implemented as of this Wednesday morning.
10.57am. ... NFLX breaks the Icahn/stock split announcement high.... bears on the run...