12pm update - trying to floor

US equities remain broadly lower, with the sp' having slipped to 1922, with VIX 21.07. However, today's action does little to stall the rally/bounce from 1810. The sp'1950/60s still look very probable in the near term. Metals are catching a clear fear bid, with Gold +$15.


sp'60min

VIX'60min

Summary

Unless I see VIX 24s, with a daily close <sp'1900, I still can't take any of this morning's price action seriously.
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notable strength...

Cracker Barrel (CBRL), daily

I forget who first suggested I look at this one (Brelsa?), but Cracker Barrel sure looks strong. Is this where all the lower gasoline 'savings' are going from Mr US consumer?

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VIX update from Mr T. 



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time for lunch