Unemployment claims came in lower than expected, further dashing the hopes of those praying for a Fed pivot.  Meanwhile, the OPEX levitation continues.

continued for members…Nothing much has changed since yesterday.

Note that COMP’s “breakout” unwound.And, VIX is still calling the shots by remaining suppressed.

USDJPY finally reached 150 – a technical level that many were watching. This is also a channel line for us, so there’s a decent chance that USDJPY reverses here and completes a backtest of the channel midline – currently around 135 – or some higher Fib level. Oil and gas are higher again despite the latest SPR announcement.

…which of course puts TNX that much closer to our 42.64 target.My expectation is still that the next leg lower in equities is imminent and will result in a pullback in the 10Y – at least temporarily.

Existing home sales come out at 10am ET. Prior was 4.8MM and consensus is 4.7MM.  Could be ugly…

GLTA.