12pm update - minor weak chop

US equities are seeing some minor weak chop, ahead of the AAPL/media love fest. Renewed upside looks highly probable.. whether into the close... or tomorrow, it should make little difference to those broadly long into the FOMC. Commodities are notably weak, Gold -$15, with Oil -1.9% in the $45/44s.


sp'60min

Summary

Little to add.

Regardless of any further chop... we look headed for the sp'2000 threshold.. and beyond into next week.

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I remain long Oil via USO.. and will hold overnight... ahead of the API and EIA oil reports.

USO 60min

Price structure is a rather clear bullish pennant, and on the bigger daily/weekly cycle, a move to WTIC $50 threshold looks very viable. I'll only get moderately annoyed if <14.20.
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VIX update from Mr T.



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Meanwhile.. here in the city...

A few hours of slight warmth

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back at 1pm