US equities remain significantly lower. VIX is churning the 29/30s.
sp’60min
VIX’60min
Summary
Suffice to say… the Wed’ low is intact! We should lean upward into the mid afternoon, if still settling net lower for the day, week, and especially… the month.
I’m seeing a H/S in the VIX… with an inv’ H/S in the SPX. Bodes bullish for equities ahead of the Fed.
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notable stock: AMZN
Across the years, typically, the buyers would flood in.
So far… they’re absolutely leaving this one alone.
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notable Dow component: MSFT
Lower with the main market. S/t bullish… but an eventual loss of $270 will offer psy’200.
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notable Chinese stock: BABA
Reflective of many of the communists stocks. Still m/t horror.
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notable miner: FCX
Freeport have a good day, with many other miners. S/t bullish. Alarm bells if Copper loses psy’ $4.00
Time to check on the cheerleaders…