US equities remain broadly higher, but are distinctly stuck within the 3415/20 zone. VIX is churning the 24/25s.
sp’60min
VIX’60min
Summary
Well… two days of gains ahead of the fed, and the s/t setup will favour the bears into early Wednesday.
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notable biotech ETF: IBB
Not surprisingly, we’ve seen some bullish follow through, clearing the 50dma. Next resistance 140.
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notable weakness: BAC
Sister stock Citi, is tainting the sector…. as BAC remains m/t broken, stuck under the 200dma.
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notable strength: SQ
Square issued a report, detailing how payments have massively changed since ‘the crisis’.
Time to check on the cheerleaders. Pete Najarian will be in the house, so… I expect some retweets!