02/01/2017 Live Update

[Trades with cats]

VIX slam down predicted in print two hours ago at Zerohedge. As I have said Chair Yellen needs some new script writers, we have seen these moves before.

[Daniel]

So much for fireworks and showtime.

Hard to imagine why a market would gyrate wildly about a unanimous, widely expected decision to leave matters unchanged.

However, sector reaction and movement is always interesting, and sometimes instructive.

[Trades with cats]

Markets were betting on two hikes this year, Fed was saying 3, now looks like 2. What a surprise that the dollar is down on Fed dovish move.

[Trades with cats]

Doesn't dovish Fed mean we are back on track for new all time highs?

[fehro]

VIX 9.97

tests 2007 levels Monthly VIX .. 8.60 ATL

[Daniel]

Long Treasuries are recovering their early losses.

Oil and commodities in gen'l are strong-- yet XLE and XOP are both down on the day, and showing weak intraday RS.

Likewise weak are consumer discretionary, industrials, and housing; regional banks, materials, semiconductors and anything tech (containing AAPL) is strong.

[Al_Dente]

VIX 9.97

when did this happen??

2:00:10 ish.. as the FOMC came out

yes
i show that is the lowest $VIX since 2007

[Junior Buffett]

VIX 9.97

tests 2007 levels Monthly VIX .. 8.60 ATL

I wouldn't surprise if it goes below that and register all time low..nothing stopping that...no one wants to hedge through VIX anymore...

[fehro]

SPX continues to hold 20d 2276

[daytradingES]

Crude oil inventories rose 6.5 million barrels in the January 27 week to 494.8 million and were up 5.0 percent from last year at this time. Product inventories also rose, with motor gasoline up 3.9 million barrels to 257.1 million, increasing the year-on-year gain to 1.1 percent, while distillates were up 1.6 million barrels to 170.7 million, 6.9 percent above the year ago level.

Inventories UP
and
the price...?

down- you say... non,non non monsieur
we have de riduclous oil ramp

[Daniel]

SPY now up 0.00 (ie exactly unchanged).

On a Fed day.

Conclusion: there are no further matters to disagree over.

Peace on earth, good will to all men, no further controversies. Shwoo, glad all THAT controversy and disagreement stuff is over.

[Trades with cats]

Iran violating treaty and dropping dollar overcame expected bad inventory report, for this week.

[fehro]

UK parliament passes BREXIT vote.. hence the drop?

https://www.bloomberg.com/news/articles ... tes-to-114

[te_fern]

Al_dente, how do the vol indicators look?

Hi boss
Nice 1min chart
Day three of red-spy volatility ON THE DAILY CHART.
Let’s check after the close to see if it can flip to bull. (NOT an intraday indicator, more like short-term).

This might interest u on smalls, but it’s SML “value” and not RUT.
Caveat: I have Lyons in my “grain of salt” category as he rarely sees anything but bear
http://www.zerohedge.com/news/2017-02-0 ... -barometer

Thanks Boss! I'm still watching. I will make a trade for the day, but will also hold it overnight if it is going my way. I do like to have the Vol indicator showing bullish to help my case, since I only trade the bull 3x!

[Daniel]

UUP also unchanged now on the day.

SLV however just hit a fresh HOD.

[BullBear52x]

from the political free corner.

[fehro]

VIX 9.97

tests 2007 levels Monthly VIX .. 8.60 ATL

Since 1990.. only 17 days which VIX dropped below 10.. Today is on that list!

[Trades with cats]

General Flynn putting Iran on notice. If sanctions go back on OPEC wins big time and it will sink what is left of US consumer spending. Hard to think it will come to that but they can not let the missile test go unchallenged.

[Trades with cats]

VIX 9.97

tests 2007 levels Monthly VIX .. 8.60 ATL

Since 1990.. only 17 days which VIX dropped below 10.. Today is on that list!

In 2000 and 2007 how long after the VIX low did it take for market to peak?

[Al_Dente]

HAPPY HOUR