Snow Report

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This feels like doing the snow report from Honolulu. There seriously isn’t anything to report. I mean, just look at the small cap futures. Everyone is just waiting for the Fed tomorrow.

The same can be said for the ES (although, as with many markets, it inched its way to a lifetime high).

Through all of this, volatility is basically heading toward zero.

One of the few weak assets out there remains oil, which is down over 2% as of this writing. I’ve pointed out many energy stocks which look like good bearish setups.

Finally, Bitcoin did a hard U-turn since the weekend. In a short span of time, Bitcoin futures tumbled from over $61,000 to almost $8,000 lower than that.