US equities are choppy, if cooling back, and tagging the opening gap. VIX is holding above the key 20 threshold.
sp’60min
VIX’60min
Summary
More than anything, I’m looking to the VIX.
Equity bears should be seeking a daily close >20.
If >23, then ‘mini crash’ talk is still valid, but the window for that is soon to close (Thursday at the latest, if not Halloween).
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notable banking ETF: KRE
Net higher, but that is a black candle, and it won’t take much to see the regional banks turn red ahead of the Fed.
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notable bond yield proxy: TNX,60min
Yields are sig’ higher.
As things are, the Fed should raise rates this Wed’.
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notable energy: OXY
Lower with oil $83s. Broadly… its been a chop fest all year.
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notable oil ETF: 60min
Lower with oil printing $83.14.