Choppy since afterhours sell off.
Social Mood:
Markets mixed in Asia and Europe. Pre-State Of The Union jitters across markets everywhere it seems.
Odds on a March rate hike suddenly shifted yesterday. Great example of how mood can turn quickly.
FX:
CHF & JPY warning once again. USD showing more firmness than dollar bears would probably like.
Bitcoin down almost 1%.
Treasuries:
Finding support.
Energy:
WTI crude down slightly, perhaps coiling in a triangle with upside breakout potential if 53.35 holds.
NG down another 1+% in choppy trade.
Metals:
Gold and silver red but recovering slightly after yesterday's reversal. Platinum, palladium, and copper red.
S&P Outlook:
The market feels weirder than it does pre-Fed. Maybe that's why the Fed has three speakers scheduled for this afternoon: to keep itself relevant in the Age Of Trump.
VIX was up another 5+% yesterday with the S&P at record highs, and its up another 1+% pre-market.
Up-Down Volume Diff is pretty weak.
And seeing signs of yet another wedge. Perhaps the plethora of wedges is the market's way of warning us that it's getting tired of being juiced. Such a pattern could still target the 2373.89-2379.39 zone before rolling over, and would need to hold 2352.87 (2 on the chart).
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