11am update – morning chop

US equities remain choppy, battling to hold gains of some degree. The USD continues to slip, -0.6%, printing 92.46… nearing the Sept’ low.

sp’60min

VIX’60min

Summary

Little to add… for what is chop mode. For the record, I can’t see Pelosi/Mnuchin agreeing to anything so close to the election. It makes no sense. The meeting is arguably just ‘for show’, with both sides likely to blame the other.


notable bond ETF: TLT

Yields climbing…  but broadly… its STILL all chop.

notable financial: WFC

It didn’t take long for Wells Fargo to turn negative, for what remains m/t horror.

notable Dow component: MSFT

Arguably.. a critical stock. Yesterday’s black candle has played out… if briefly. Fractional break of s/t rising trend. This one still looks very vulnerable, as momentum is close to turning negative.

time to cook… or something!