Equities are poised to move higher this morning as futures ripped to the north on the heels of China supposedly letting their currency move higher.
ES futs are off their best levels 1124 v a high of 1129.5.
I suspect the dip here gets bought and a move to the HOD probably gets sold again.
Equities are way overbought in the short term with major index futures trading with RSI numbers near 100.
Gold and silver futs also trading overbought with RSI 2 levels near 95.-
Meredith Whitney - who probably lost clients a ton of money over the last 12 months on CNBC this morning of course see a double dip;
BESPOKE on Gold V Dollar;
BP with some new worst case numbers ;
WSJ with their take on seafood prices -
And of course- Lady GaGa in the Bronx;