US equities are in mixed chop mode. Short term - cyclically, nothing has changed, the market is still due to at least hit the upper end of yesterday's opening gap at sp'2435. WTIC is helping prop the main market up, currently +1.4% in the $45s. Metals continue to slip, Gold -$3, with Silver -1.1%.
As the Yellen continues, VIX is certainly showing little sign of trouble, currently flirting with the 9s.
Cooling to sp'2435 is still on the menu, but anything under it will be tough, as ongoing price action is scary strong.
Notable strength, F, daily
Ford is pushing for a break and close above the 200dma.. which its not managed since mid March. The new CEO is going to need to inspire the market at next earnings, if there is to be any chance for a break above core declining trend - that stretches back to July 2014... currently in the low $12s.
weakness, X, daily
US Steel opened sig' higher, but like a fair few other stocks, its seen a full reversal, and now looks vulnerable to another test of rising trend, currently around $21.00... where the 50dma is lurking.
time for lunch... and to check on the cheerleaders on clown finance TV.