Today is day'8 since the sp'1904 low, and it makes for a gain of 3.5%. There is nothing of significance due to stop the melt until the FOMC minutes (due Wed' 2pm). Metals remain weak, Gold -$4, whilst Oil is -0.4%.
sp'60min
Summary
Little to add, on what is a very subdued day of algo-bot melt.
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time for lunch
12.11pm... AAPL hits $100.... and VIX slips into the 11s.
It sure is quiet out there.....
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12.27pm.. No VIX update from Mr T. Is optionmonster crew all on holiday?
I'm seeing some good finance videos, will highlight them later in the evening.
Notable strength: AAPL +1.2% @ $100.30
12.33pm... and here are the 1980s...urghh
In theory... hourly cycle is offering 1990s at the Wed' open..and 1995 by the FOMC minutes.
A market test of 2000 tomorrow at 2pm...and then a sub'2 wave into early next week?