sp'15min
Summary
Frankly.. I think the following sums up today...
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Equity bears are riding a crazy boat... in a tunnel of madness... lead by a maniac.
Healthy market... right?
I love the drama of the market.. but today sure is testing my tolerance.
2.58pm... VIX -1%... set to turn positive.... CRAZY CRAZY market...
Indexes set to turn red......... well, aside from the Dow (due to Visa)
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3.07pm... sp'1989.. with VIX -1.7%... choppy.. but there the hourly cycle is offering some huge bearish divergences into the weekend.
Notable weakness, INTC -4.1%
3.17pm.... Seeking a net daily gain in the VIX... in the mid 15s.... might equate to sp'1984/82..
Oil remains very weak, -1.5%... and that is pressuring the energy sector (naturallly)
3.40pm.... A crazy afternoon in market land. A lot will be said by many after the close... not least on the 'broken market'.. and the giant e-mini futures trade on the 'old news'.
As things are... seeking... more than anything.. a VIX daily net gain.