sp'daily5
sp'weekly
Summary
*on any outlook, we're going to close with net weekly declines, so... equity bears will have that to begin the year.
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Well.... a new trading year is set to begin.
I do understand why some were getting moderately excited at the weakness across Wednesday, but I can't see this market going much lower. The sp'2130/50 zone looks a very viable target for late Jan/early February.
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Notable early strength: US Dollar, +0.5% @ 90.80... the giant 100 level is coming, and that is going to be a major problem for the precious metals (along with the miner stocks) and indeed... energy prices.
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*Frankly, I am exhausted.. I've been awake since 2am EST, I'll spare the details, but suffice to say, I will likely be on a go-slow today... if I drop offline later today.. it'll be because I've fallen asleep.
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Awaiting econ-data: PMI/ISM manufacturing, construction spending
back at 10am (probably)