US equities are battling to build moderate gains, as s/t momentum has turned positive. The SPX and Nasdaq comp’ have broken new hist’ highs. USD is still sliding, -0.6% to the DXY 90.51s.
sp’60min
VIX’60min
Summary
Another day, and we already have a pair of new index historic highs. All that is missing is sub 20 VIX.
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notable bond ETF: TLT
Yields cooling back. Whilst yesterday’s low is higher than Nov’9th, its nothing definitive. Bond bulls need >162.00. Next FOMC of Dec’16th will clearly be important.
notable financial: SQ
Yesterday’s reversal played out.
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notable strength: BA
Boeing has cleared the June $234s, with next resistance of the $280s.
RyanAir of Ireland have placed an order for 75 737MAX (the face value is $9bn, although I’d guess Boeing offered a discount), The 75 is in addition to an original legacy order of 135.
As night falls… time for a much needed lunch.