Equities are trading near the flat line with oil service, biotech, metals, junk and emerging markets leading while gaming, reits, homies and trannies lagging.
NYSE internals flat while NDX/SPX a little to the red;
Gold higher and over $1,200;
10 year Treas note - rate back up to 2.97%;
The much discussed DEATH CROSS just happened as the SMA 50 is now under the SMA 200- I think more importantly the support and resistance areas:
SPX 1010 area is the level where we got a nice bounce yesterday and I suspect any time we approach that level we will bounce- of course resistance at the old support area of 1040-
Kudos to Greg Valliere- for not towing the GOP line and calling them on the carpet for not extending the unemployment benefits - bottom line it hurts the economy and puts more folks into poverty.
Its very unfortunate - but politics has turned into I just want my party to win no matter what the ramifications-