US equity indexes turned (briefly) positive, partly short-covering, but also some bolder buyers. VIX is cooling back, but set for a decisive settlement above the key 20 threshold.
sp’60min
VIX’60min
Summary
Little to add.
The hourly equity cycle is offering a floor/turn, but remains low, and will likely tick upward into the weekend, and across into next Monday.
On any basis, VIX is s/t cyclically high, and due some cooling.
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notable bank: BAC
Note the bounce from what is a key price threshold.
Turning sig’ higher, as the ‘bargain buyers’ are coming in.
M/t bearish 16/15.
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notable semicon: AMD
Bouncing with the main market.
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notable energy: SWN
A lower low, but reversing upward with the main market.
Unlike RIG, at least this is a profitable company.
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notable industrial: GE
Continuing to power upward.