11am update - typical turn time

US equities remain moderately higher, but are extremely vulnerable to turning lower into the FOMC announcement of 2pm. A brief hit of sp'1950 is still viable. Metals are choppy, Gold +$2. Oil has turned higher, +0.9%.. and this is really helping the energy stocks... sector ETF (3x lev) ERX +10% in the $54s.


sp'15min

Summary

So.. we're still higher, but since its a fed day... and with recent strong volatility.. these gains could easily evaporate into the afternoon. Bulls... beware!
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Notable gains.. energy...

CHK +6% in the $18.50s
BTU +3.8%

Oil/gas drillers, RIG +6.4%, SDRL +8.5%
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VIX is holding broadly flat... ahead of Yellen

Spiky top hourly candle.. but still... VIX could easily jump later.


11.18am.. sp'1985.. and we're kinda stuck... with VIX 23s.  Next resistance, sp'2000...

Notable strength.. SDRL +12.0%... only needs to climb 275%.. and its back to June levels, /s


11.26am... still climbing... looks like sp'2000 to be hit....

Notable gains... AA +3.1%

Regardless... this remains a tricksy market!