sp'60min
sp'daily5
Summary
Today will be about whether the market can use the FOMC mins (due 2pm) press release as the excuse to rally into the sp'2000s.... or... to unravel toward the sp'1950s.
Which way are we headed? Very difficult to say... but I would again note that even if we do cool to the 1950s.. I'd still be looking for a subsequent move into the 2000s.
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Overnight action...
China is back up and running... settling +3.0% @ 3143.
Japan: -1.0% @ 18141.
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Have a good Thursday.
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8.32am.... indexes starting to slip... sp -10pts... 1985.... but that is still a full 30pts short of first soft target.
notable weakness: TSLA, -1.0%... remaining broadly weak.
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9.15am.. sp -7pts... 1988....
.. ohh, and we have Alcoa (AA) earnings at the close... so that will be one to watch. I'd guess the CEO will appear on clown finance TV in the 4pm hour to try to instill confidence that commodities can't go any lower.