3pm update - chop into the close

US equities remain very choppy, with the market set for a daily close in the sp'1985/2000 zone. VIX remains relatively quiet, +6% in the upper 21s. Metals are weak, Gold +$4, whilst Silver is -2.4%. Oil remains very unstable, +0.9%.. some 2% below the earlier high.


sp'60min

GLD, daily

Summary

Well, its been one hell of a day... and tomorrow looks likely to be almost as exciting.. with the FOMC.
-

What should be absolutely clear... once the Fed is out of the way.. the market has a clear run into January.
-
Notable weakness: retail, AMZN -3.2%, HD -2.2%