11am update - building gains

US equities have swung from an opening low of sp'2045 to 2063. Much like yesterday though, the market will be vulnerable to renewed downside.. not least as the market is still very twitchy about the FOMC.. and the continuing weakness in commodity land.


sp'60min

USO'daily2

Summary

re: Oil.. trying vainly to turn upward.. but price action sure remains broadly weak.
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So.. we're moderately higher, but a key break (>2100) ahead of the FOMC looks increasingly difficult.

Mr Market, being what it is... increasing chop into next week looks probable.
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notable strength...energy

CHK +3.7%
CNX +10.7%
RIG +1.8%
SDRL +3.8%
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TWTR +6.5%.. on some bizarre story about being able to market ads to users who aren't logged in. How this merits the stock +6%...  err.. no.
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time to cook