US equities are battling to hold moderate/broad gains. S/t momentum is on the high side, and the market will be increasingly vulnerable into the mid afternoon. Cramer and Pelosi haven’t helped the notion there will be any further stimulus this side of the election.
sp’60min
VIX’60min
Summary
Little to add. The s/t setup favours the bears into this afternoon, and arguably more so.. early Wednesday.
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notable bond ETF: TLT
Bonds/yields are pretty muted, for what is day’1 of the Fed meeting.
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notable financial: C
Citi continues to slide, as even the Cramer speculates that the dividend might get cut to zero, with CEO Corbett having just recently jumped ship.
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notable mining ETF: GDX, 60min
A good example of an opening reversal, and seeing some cooling. Arguably a leader to the main market.
time for a light lunch. I have spoken.