US equities are choppy, if leaning upward to print a new multi-month high of 4384. The SPX 4400s are clearly viable this afternoon, but so is a downside reversal. Both can happen today.
sp’60min
VIX’60min
Summary
Little to add… with three hours until the Fed.
VIX has been ground lower, with momentum turning negative, with a tag of red gap.
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notable stock: TSLA
The buyers have re-appeared in Tesla. Day 14 UP.
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notable semicon: AMD
Net higher… but it won’t take much to turn it red.
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notable health: ELV
Lower with sister United Health. Momentum has turned negative.
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notable Dow component: BA
A distinct Dow laggard. 10MA support $214s
Time for lunch…