It would seem highly probable that the equity bulls will be unable (for the first time in over a week) to break new highs into the close. It will only take a little closing weakness to take out the morning low of sp'2103, to provide a daily close in the 2090s. Oil has resumed lower after speculation on an OPEC meeting, -2.8%.
sp'60min
USO, daily
Summary
*Oil remains highly volatile intraday... swinging from -3% to -0.7%.. and back to -3%
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Again, price action remains relatively subdued.. as most are waiting to see what Yellen has to say to the US Senate tomorrow morning.
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Notable strength: AAPL +2.3% in the $132s.
