sp'60min
VIX'60min
Summary
*VIX remains subdued, relative to the size of this today's equity reversal
--
Suffice to add... a really interesting day
For the moment though, I am not in the least bit considering chasing this lower.
--
Meanwhile...
Wolfe Research is touting CVX as a buy, with a target of $105
CVX monthly
If you consider Oil has likely not floored, and believe that the sp'1700/1600s are due in the months ahead... I'd have a target of the $65/55 zone... a long way below Sankey's target of $105.
--
1.03pm... Ohh lookie... its CNBC favourite...
Bullish clown entertainment.
Again, I gotta wonder, what kinda screams will these maniacs be emitting if sp'1700/1600s? How much will they blame Yellen for daring to raise rates last December?