Futures are off modestly after the usual overnight VIX slump. Markets are focused on this week’s economic data, with CPI coming out Wednesday and PPI and initial claims on Thursday.
continued for members…
Not much has changed since Friday – a common occurrence going into CPI week…
Note that COMP is struggling to hold its SMA10 after failing to rally through its yellow .618 Fib.
Note also that VIX is positioned for a potential breakout – which means it could also not break out and thus, disappoint the bears.
Following Friday’s huge rally, EURUSD is holding steady while USDJPY adds to Friday’s losses.
Oil and gas and 10Y rates are also flat…
…but the 10Y has broken out and, along with the 2Y, is eyeing new highs.
…as the 2s10s continues to rally.
Stay tuned…