S&P 500 saw quite some telling buying into the latter half of the session, bucking bond market weakness and as well the dollar. Today, it‘s not so much about housing data or FOMC minutes, but about NVDA earnings after the close. That‘ll be the catalyst moving the market (risk taking sentiment) one way or the other.Let‘s move right into the charts (all courtesy of www.stockcharts.com).
Crude Oil
Oil isn‘t out of the woods, the caption says it all, and as per a bunch of latest calls, it‘s still not a buy. Even copper is coming under pressure today – the risk-off and just plain caution and squaring the books before NVDA, is apparent.More By This Author:Ready For Nvidia
SPY Flag vs. Yields
Why Retreat
