Holding yesterday's gains.
News:
Fed's two-day meeting concludes today with a 2pm announcement and a press conference to follow.
Europe is down hard once again while Asia had a good night.
FX:
AUD, GBP, and JPY in play today along with CHF.
Treasuries:
Volume still not kind as prices have managed gains.
Energy:
WTI crude has poked above 60 once again (yet volume not here either). NG looking consolidative.
Metals:
Gold 1178s.
S&P Outlook:
Middle of nowhere currently. I could make a bull case as easily as a bear one. Best course of action is to wait for any post-Fed volatility to take place, for clearer waves and levels to be established, and to resume well-rested with fresh eyes.
Two break points I'm watching: 2121.92 above and a possible 1:1 extension to 2052.44.
Elsewhere, a Fogo de Chao IPO? Could it have anything to do with the chart of live cattle?
Source: Barchart.com |
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