12pm update - naturally churning

With the econ-data out of the way, the market is naturally churning as the board of directors meet at print central. There is notable further weakness in the precious metals, with Gold -$1, and Silver -0.2%. Oil remains broadly weak, -2.5% in the $36s.. as the $40 threshold is fading away.


sp'60min

GLD, daily2

Summary

Little to add.

The hourly cycle will most certainly favour the equity bulls tomorrow afternoon.

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re: VRX.  I checked the options chain... where there are gains of 5-10,000% for front month Puts. I'd guess at least a few smaller time traders are having the best day ever.

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time for lunch