A little wave to the upside, but broadly.. the US equity market is trading in semi-holiday mode.. with a flat close due for most indexes. With continued equity churn, the VIX remains cooling, -3% in the 16.50s.
*It is highly notable that if the VIX closes lower today, it would make for the tenth consecutive daily decline.
Little to add... on what is effectively a day of almost nothing.
*Oil is -2.4%.. and I'll be considering picking up a long position in USO. Certainly, I can't be short .. after last weeks bullish weekly candle.
VIX update from Mr T.
time to cook