Anyone scalping the FTSE Futures??

VIX up 3%, looks like many disagree dow up


The vix is a measure of 'volatility' on the S&P.

It doesnt mean the dow will fall, it just means moves will be bigger than previously.

And thats what I said this morning... :)

Its going to be messy today, large moves in random directions.
But the buying on the dow is still insane. Even though its down 40 now it could still end higher.
 
Stories from around t'internet.

CNBCJune 9, 2017
No fear: Wall Street volatility drops to 23-year low
https://finance.yahoo.com/news/traders-disappointed-comey-testimony-fails-202214070.html


Investor's Business DailyJune 9, 2017
Fear Gauge Flashed Extreme Bullishness Just Before Tech Selloff
The CBOE Volatility Index fell Friday to its lowest since 1993. Investors have stopped worrying about potential market risks. That itself is dangerous.
https://finance.yahoo.com/m/d5a4a3f7-278e-375e-8aad-cadf9040d5f4/fear-gauge-flashed-extreme.html
 
Look at the components of the dow and their respective rises / falls on Friday, notice the move away from Tech and into Pharma.
What surprised me was the gains in Banks, otherwise a typical cyclical rotation into recession proof stocks - just before the FOMC announcement.
 
I wasnt going to let +46 get away, but looking at the chart it has more upside left in it.
 
Nice work on the 225, good for 100 points within an hour of the open. But she is a monster, makes the dax look like a puppy dog.

I know, 300-500pt move is normal, however, it stays within a channel for a while, sometimes can do the same trade many times over
 
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