1pm update - holding the early low of 1779

Mr Market is comfortably holding the early low of sp'1779, and looks set for a daily close in the 1790s, with VIX 15s. Metals remain weak, Gold -$3, whilst Oil is holding sig' gains of 1.6%. Market is likely to continue slowly clawing higher all the way into FOMC..tomorrow afternoon.


sp'60min

Summary

There is little to add on the indexes. We're merely seeing minor chop..but with underlying upside pressure.

The 1810/15 zone sure looks possible by late Wednesday. One issue to keep in mind..GDP Q4 is released Thursday morning. A Thursday morning spike high 1810/15..and then a rollover?

Regardless...this sure doesn't look an attractive re-short level...not least with the VIX still in the 16s
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Notable weakness: STX, -11.8%, AAPL, -7.4%