US equities are quietly slipping towards the sp'1950s. There really isn't much downside power behind this weakness, but neither is anyone in the mood to buy...yet. VIX is +12% in the mid 13s.. with the 14/15s viable this afternoon.
...back from the shop....(with chocolates,, what else?)...
Market looks on track for the low sp'1950s... at which point I'd be a buyer...so long as price action looks 'stable'.
time to cook!
11.29am.. typical 11am turn..... but we saw the same thing last Thursday....only to unravel by 1pm.
Regardless, I ain't in no hurry..... long afternoon ahead.