sp'60min
VIX'60min
Summary
*ironically, the only thing unexpected about today was that there was no press conf. I normally check, but no... and I'm somewhat pissed at myself.
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re: equities: price structure is offering a big bear flag.. with threat of closing upside to 2095/2100 zone. Considering tomorrow mornings GDP data (how the hell will they spin near zero/neg' growth as a positive?)... I doubt we'll open higher tomorrow.
So.. if the bulls are going to wash out the bears again.. it'll be into today's close.
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re: VIX. With the FOMC out of the way, the VIX naturally cooled... currently choppy, and showing ZERO sign of breaking upward.
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notable weakness.... NFLX -1.7%... sub $90 still looks due.. and relative to the main market.. it is one ugly stock.
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3.09pm.. sp'2096... a mere 15pts (0.7%) from the recent key high...
I still think 2060s before the weekend, but any hope of <2060 is clearly out of range until next week.. which is almost as annoying as not realise there wasn't going to be a press conf............ urghhhhhhhh
3.20pm.. sp'2098.. right in the little target zone... we really should get stuck around here.
Oil +3.0% in the $45s... that is clearly part of the reason.
Gartman (still alive.. far as I know)... is bullish Oil now... from what I read on ZH.