sp'60min
VIX'daily2
Summary
*a second blue candle in the VIX, I want to see it turn green by the close... will need at least the 14s.
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Well, in many ways... its a case of 'come back in 4 hours time'. Until the FOMC announcement is out of the way... there really isn't much to add.
That will give opportunity to highlight some other things though...
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notable weakness... TWTR
Ugly break lower... first target is the psy' level of $30, but the IPO price of $26 is an equally valid target, given another 2-3 months.
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10.03am.. Pending home sales m/m -1.8%... another lousy number from June. There remain a sig' number of data points that don't bode well for Q2 GDP.
Market is expecting 2.9% growth, but to me.. that seems overly optimistic. I'd not be surprised to see 1.5% or lower. Oh well, we'll find out tomorrow at 8.30am.