US equities remain in minor chop mode, with the sp -5pts @ 2067. Whilst the USD is broadly flat in the DXY 94s, the metals are moderately weak, Gold -$4, with Silver -0.4%. Oil is under pressure, swinging from gains of almost 1% to -0.6%.
sp'daily
Dow, daily
Summary
Little to add... on what is a broadly subdued day.
Cyclically, a retrace is due, but equity bears need a clear break of the rising trend, which at the close of today will be around sp'2055. Considering the current style of price action, sub 2055 looks out of range today.
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notable weakness, Ford, daily
Remaining broadly ugly, and considering how close to new index highs we are... Ford looks especially vulnerable.
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time for lunch