TRADING WEEK APR 27TH- MAY 1ST

The VIX and the SPY were both down and VIX futures were up slightly. The usual correlations are no longer set in stone, at least not for awhile. The intraday trading ranges of 5.44, 6.02, 4.09, 5.19 and 5.02 weren't bad but they're definitely trending down. Maybe the VIX futures are up because of the big earnings week for Big Tech and Big Oil and some big numbers in the week ahead. Nobody is still willing to go whole hog in obliterating the premium. Consumer Confidence comes out at10:00am ET this Tuesday. The following day GDP comes out at 8:30am ET, with the FOMC minutes coming out at 2:00pm ET, followed by Jay Powell's remarks at 2:30. There's not much of a build up to the FOMC meetings since they make blockbuster policy decisions at random times every other day. GOOGL and SBUX release earnings after the close on the 28th with BA and VLO releasing before the opening the next day. MSFT and FB release after the close on the 29th with MCD and TWTR releasing before the opening the next day. AAPL, AMGN and GILD release after the close on the 30th with XOM and CVX releasing before the opening the next day.