VIX'60min
Summary
Its a little mixed right now. Equities look broadly okay.. the only hope for the bears is the VIX, which on balance will climb into the close.
... awaiting the FOMC minutes...
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notable weakness... airlines.. UAL
Pretty severe, having lost the 200dma. Next support is probably not until $52.50. More on that one later though... on my 'fair value' page.
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2.02pm.. Most Fed officials see June rate hike 'unlikely'
USD initially cools..... metals/oil jump... a little.
Equities still choppy...
............. but overall..... there is nothing in the minutes for the equity bears to get excited about.
2.07pm.. notable strength: BABA +1.7%.. making a play for the $90s
2.18pm.. sp' 2130... next level.. 32/33... new highs now viable.
notable weakness, Ford (F) -1.2%... part of the transports broader weakness
2.32pm.. a short-stop cascade underway... with new historic highs.... for the bears.. its just another day.
USD cooling, now +0.1%... with metals battling to build moderate gains, Gold +$3.