US equities are very significantly higher, if stuck around psy’4K. VIX is offering the equity bears nothing… if holding above the key 20 threshold. Gold printed $1990
sp’60min
VIX’60min
Summary
This is turning out to be something of a problem.
The concern has to be a straight run to around 4060.
On any basis, I want to be out of this car-wreck before the weekend.
Right now, even a minor net profit would be something.
The one hope for the bears… VIX is cyclically low, and prone to a mini spike to the 23/24s. In theory, the latter should equate to sp’3900, but looks a stretch before the weekend.
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notable stock: BAC
Still struggling to the main market.
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notable Dow component: INTC
Higher with the main market, if still under last week’s high.
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notable strength: NFLX
Short squeeze?