sp'60min
Summary
Interesting day... having soared from sp'1820 to 2075, perhaps finally we'll see a retrace to around the sp'2000 level by mid month.
--
So.. a break to sp'2049.... arguably confirming the bear flag, but still. the broader market is only moderately lower.
Aside from the more significant declines in the Trans/R2K, today is only notable for moves in the energy and momo stocks.
BTU -8%... truly dire..
TWTR -6.4%
--
updates into the close...
3.28pm .. sp' 2058.. VIX +4%.... just no real concern in the broader market.
The real action remains in commodities...
Oil +2.8%....
Nat 'gas -3.3%...but a fair way above the earlier low
Metals are cooling a little, Gold +$44, but still there is roughly a full $70 above the overnight low.
-
back at the close