USO'daily2
TLT, daily
Summary
*there is a great deal going on today.. hard to keep up.
For this hour.. I at least wanted to highlight bonds.. will likely cover them in far more depth in my late day post at 11pm EST.
Suffice to say.. bond prices are falling.. as yields are (naturally) on the rise.. ahead of the next FOMC.
--
As for equities... very difficult to call the close.
Clearly, the market will have massive excuse for a major move tomorrow... with the jobs data.
--
notable strength, RIG +4.3%... as oil climbs... and a short-stop cascade is likely underway. I remain LONG... seeking a higher exit in the $15s.
--
stay tuned!
1.19pm.. We have a viable spike floor from sp'2058.
Equity bulls should be battling for a daily close back above the 200dma (2064).