Higher on more follow through.
PPI slightly hot. Housing Starts slightly cold. But this may say it all.
At least until the Fed minutes today at 2pm (when anything could happen).
Mild Risk On thus far. CAD strength. USD firm.
Prices still coming off with lighter volume.
WTI crude up 3%. NG has so far failed to hold gains from its recent retracement. Needs to get moving.
Gold has held the 1200 level so far. Silver flat. Platinum, palladium, and copper up roughly 0.6%.
A volume shelf at 1913 should get tested and exceeded today at the open. Closing above 1915.45 could target 1947.20.
Watch out for the 38% retracement, however, at 1927.14. This needs to be cleared convincingly.
Elsewhere, the bull buzz keeps morphing.
At bear market lows, extreme negative polarity is represented by the following aspects (among many others):
Avoidance Of Effort
Dullness Of Focus
Thus, people tend to look for drugs, music, fashion, and art that reflect and mirror these aspects.
Caffeine, as a stimulant, is more for bull markets.
Therefore, more caffeine, this time in the form of bracelets for trans-dermal delivery, might reflect the continued appetite for buzz, and could suggest a continuation signal for the markets which fits the Reboot/Reset thesis.