sp'daily5
VIX'daily3
Summary
US equities opened moderately higher, and built significant gains, as the first batch of Q3 earnings came in broadly fine.
Volatility was in melt mode, the VIX settling -7.1% at 13.54. The s/t cyclical setup favours the bears for Wed/Thurs'. It is notable that Wednesday will see QE4 begin, and that is no small matter.
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Goodnight from London
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