6:26AM: SPX futures are at 3989: The S&P Banking Index (KBE) is still within its recent range:

6:24AM: SPX futures are at 4037: The S&P Banking Index is holding near the top of its range:

6:25AM: SPX futures are up to 4019: The S&P Banking Index is gapping up 4.6%. It’s near the top of its current daily range:

6:23AM: SPX futures are at 3961: The S&P Banking Index is holding a little above lows:

6:24AM: SPX futures are up to 3974, recovering above the SMA200: KBE (the S&P Bank ETF) has faded a bit (2.5%), but is still within a range:

6:24AM: SPX futures are at 3910: KBE (the S&P Bank Index) is still hovering near lows:

6:27AM: SPX futures are down to 3881: THMO is gapping up 103% on news of rolling out a facility of labs that can be rented out to support the cell and gene therapy field:

6:26AM: SPX futures are up to 3942: To keep up with the fallout of the recent bank failures, I’m keeping an eye on KRE, a regional banking index. It has potentially found a bottom.

6:26AM: SPX futures are down to 3871. There’s been news of the failure of SVB bank and the Treasury Department’s indent to backstop depositors: There are no good gappers this morning.