Slow build higher from shaky overnight.
Housing news today. With housing starts 9% lower than in August and 11.9% lower than a year ago, Marketwatch ran an interesting story:
Starts were slightly offset by a surge in building permits, which reported a 6.3% monthly gain, and single-family housing starts jumped 8.1%, the highest in seven months.
However, starts for buildings with five or more units plunged 39%.
So once again people seem to have levered up just to live in a home that they rent from a bank.
Another possible Risk Off warning from JPY and CHF strength.
Prices got the volume they were looking for yesterday which oddly seems to have spooked buyers thus far this morning.
WTI crude ripping higher as NG craters.
Still odd action. Gold and silver getting love. Red elsewhere.
2149.19 wasn't even challenged yesterday, so it could be a long slog to fill the 2163.66 gap. Dumped the 214 calls. Can only wait for a better set up.