sp'60min
vix'60min
Summary
*there is a clear gap zone in the VIX.. the 15s, but that looks out of range.
--
Well....despite a far better GDP number than could have been expected, market is seeing a minor down wave. At best...bears will see the market floor around 11am.
What matters is the broader trend..and that is strongly to the upside.
-
*notable resilience: TWTR +2.7%..headed for the big $50
-
10.01am. Pending home sales +3.3%...well above an expected 0.5%
Notable weakness: shippers, DRYS -2.8%
-
10.27am... Equity bears failing (somewhat embarrassingly) to even break 1990.
With GDP out of the way, there is nothing now until next week... aside from a few minor 'end month' trading issues tomorrow afternoon.
Metals are cooling... Gold +$6