1pm update - battling to clear the FOMC high

US equities are holding borderline significant gains, with the sp +17pts @ 2074. A break above the FOMC high of 2076 looks highly probable... whether by today's close or Wed/Thursday. The bigger issue remains on any break to new historic highs (in the headline indexes).. will the market be able to hold such gains?


sp'60min

sp'monthly1b

Summary

*as things are, we're still net lower on the month, but by the Thursday close, we'll likely be at least a few points above the Nov' close of 2080... and a clear 30pts above the key 10MA.

That would make for the third consecutive close above the 10MA... although other world markets continue to look ugly... even the German DAX.
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notable weakness...

TWTR -0.4%... now one of the most unwanted stocks. How long until Dorsey quits being p/t CEO at that train wreck?
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strength: QCOM +3.1% in the $51s..  as some are no doubt looking ahead to next earnings season.. a mere 10 trading days away!
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stay tuned