US equities open a little choppy… if leaning on the weaker side.
sp’60min
VIX’60min
Summary
VIX hourly momentum is on the low side, and in theory, it could tick upward all the way into Friday afternoon, offering a weekly settlement above the key 20 threshold.
On balance though… it doesn’t look like we’re going to settle today or tomorrow under the daily 200MA. I could understand the more cautious exiting.
… and I just have.
EXITED SPY PUTS.
Back on the sidelines, and I should probably sit it out until next week.
I’m getting distinctly annoyed with all of it, and I’m damn tired.
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notable bond ETF: TLT
Bonds continue to implode.
Technically, having lost the $89s… its open air to the $80s.
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notable weakness: MU
Earnings were better than expected… if (in my view)… broadly horrible.
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notable car: F
UAW threatening more strikes if no agreement by Friday.
Momentum due to turn negative.
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notable retail: AMZN
No news. I’d note the 200dma in the $112s, as appears due in Oct’.