12pm update - micro up wave

A little wave to the upside, but broadly.. the US equity market is trading in semi-holiday mode.. with a flat close due for most indexes. With continued equity churn, the VIX remains cooling, -3% in the 16.50s.


sp'60min

VIX'daily3

Summary

*It is highly notable that if the VIX closes lower today, it would make for the tenth consecutive daily decline.
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Little to add... on what is effectively a day of almost nothing.

*Oil is -2.4%.. and I'll be considering picking up a long position in USO. Certainly, I can't be short .. after last weeks bullish weekly candle.

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VIX update from Mr T.



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time to cook