This was the day in the August future:
After the Polish minister news was blamed for the 15 handle S&P dip in 30 minutes yesterday, the DAX opened sharply lower boosting the VIX futures at around 3am. When the SPX bounced early, the VIX fell but as it was yesterday afternoon, selling reemerged to bring the VIX futures to unchanged.
Yet our short UVXY $100 Jan calls fell anyway:
The ECB meets tomorrow under the specter of correcting markets in Europe. Take a look at the DAX, it is now in a 10% correction:
Mario, not unlike Helicopter Ben, is usually good for markets. Already having instituted a negative rate window, now asset purchases are on the table. Should be an interesting day tomorrow.
A couple more interesting charts: the Rut2k is finding a base and is now outperforming the S&P over the last few days, and the IYT Dow Transports are still beelining for the 100 day MA. Incidentally the DOW is only 100 or so points from the 200 day moving average.
