US equities open moderately higher, but there is high opportunity for the bears to push lower again... if increasingly unlikely. Oil is low, -0.9%, but well above pre-market levels. Metals have already turned red, Gold -$1.
...yeah... I fell asleep.. urghh
So... opening gains, but its nothing significant, and market is vulnerable to turning red again.
Next downside target is sp'1950... but today is surely the last real chance of that being hit.
In any case, we should broadly climb after today's FOMC is out of the way.
Notable gains, TCK +9%... although I've no idea why... Copper remains broadly weak.
10.15am... ERX +9% in the 53s... energy sector is picking up momentum, but still... until FOMC out of the way, vulnerable to turning back red.
10.22am... typical turn time 11am... market down cycle due... considering the recent price action,... indexes turning red is VERY possible... if not probable.
1950s before 1990s... remain a real threat today. Bulls... beware.
10.45am... fast approaching the typical turn....
Notable gainer.. ERX +10% in the low 54s