continuing the market's tendency shift. We too popular off on to take in intermarket themes dominate: the potent U.S.A. dollar versus the euro in addition to weak commodities accompanying stock selling. Meanwhile, the Market Delta nautical chart (bottom) shows that we're edifice book overnight inward the 908-909 level, with the volume-weighted average cost higher at 911.50. Inability to rally inward a higher house those levels volition target terminal week's lows below 900.
7:56 AM CT - Just a few added notes to the briefing. We get got a Fed coming together tomorrow in addition to the proclamation on Wednesday, in addition to thus things could become a fleck make outflow inward anticipation. Not much expectation of a charge per unit of measurement change, precisely roughly linguistic communication skewed toward economical increase in addition to possible inflation could affect involvement rates in addition to the dollar. Meanwhile, nosotros take in considerable weakness inward aureate in addition to oil, alongside U.S.A. dollar forcefulness in addition to lower 10-year Treasury rates. I'll live on tweeting from a prop theater today in addition to volition update marketplace position ideas that crop upward through the morning.
9:28 AM CT - I added the acme nautical chart for longer-term perspective; we've broken terminal week's lows in addition to forthwith we're looking to take in if nosotros tin get got value lower vs. movement dorsum into terminal week's range. To this point, NYSE TICK is quite weak; nosotros would involve to take in to a greater extent than meaning buying to sustain a movement dorsum into terminal week's range.
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