US equities are powerfully higher. The market is s/t extremely over-stretched, hourly RSI >70. VIX is cyclically extremely low, having printed the 28s.
sp’60min
VIX’60min
Summary
Legacy gap from Oct’26th filled.
re: Election.. I will merely, this is getting truly wild, with the President justly highlighting some strange overnight developments, not least in MI.
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notable bond ETF: TLT
Higher bonds, with yields powerfully lower. Tomorrow’s FOMC announcement threatens ‘yield curve controls’.
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notable financial: BAC
US banks hit hard with lower yields.
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notable mining ETF: GDX, 60min
Price action is very choppy with gold/silver. S/t momentum is still due to turn negative before today’s close. Further, any main market retrace – as is due, would be a drag on the miners. I want purple zone!