US equities remain in minor chop mode, as price action/structure is near identical to Monday. USD is still struggling, churning the low DXY 91s, a test of the crazy 88s is viable before end month.
sp’60min
VIX’60min
Summary
Suffice to add, its pretty subdued out there. The situation is effectively the same as Monday. Tomorrow is Thursday, and whilst that does lean to the bears, there is little reason to expect any real drama.
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notable bond ETF: TLT
Bonds are lower for a third day, as yields climb back toward psy’ 1.00%. The FOMC of Dec’16th should be a restraint.
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notable financial: BAC
Higher yields are helping. Fed ‘yield curve controls’ would probably help some more.
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notable strength: MU
A wheel barrow of upgrades for Micron, as the door is wide open to giant psy’100.
As night falls… its time to cook.