11am update - new highs for the two leaders

The two leading market indexes - Trans/R2K, have both marginally broke new historic highs this morning - which considering the Monday drop, is very impressive. Metals remain weak, Gold -$3, whilst Oil continues to build gains +1.5%


Trans, daily

R2K

Summary

*I will cover Oil more later..it is possibly flooring on the bigger weekly cycle.
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Without getting lost in the minor waves, we could easily see some chop into the afternoon..ahead of the Fed Beige book.

Notable mover: DRYS, +4.6%... is the BDI rebounding today as well?


Weakness in NFLX...

Looks headed for the 300/280 zone..where the 200 day MA is lurking.


11.08am...and there are the 1850s..ladies and gentleman....along with VIX in the 11s.

I guess some of that $5bn of QE is starting to kick in.