From Marketwatch - KB Home swings to profit on tax benefit (I'm guessing we'll see a lot of revenue misses - but revenue/schmevenue - who needs it?)
You can find a nice earnings calendar from Briefing.com here. INTC after the close on Thursday will be the next biggie.IF INTC misses A) how do they spin it and B) how far does the market fall?. IF INTC beats - I'd exit shorts as fast as possible.
SPX 60m - Same chart I keep dragging out. The turn is coming, just how big will it be? It just looks like a throwover to me and not a breakout. This should be confirmed this am with the anticipated drop at the open. Watch those three lower TL's and the gap. Also pay attention to the structure (count and shape) of the fall.
E-minis are down 9 at this time. Do we finally get some sort of near term correction?
I think the VIX has had enough. The triangle target of 17.43 was beat, the lower daily BB was blown out and the daily S Sto has run it's cycle and will be busting out soon.
DXY continues to trend lower. The 1m chart is all over the place and looks like an earthquake hit my screen with some large hourly swings.
Gold left a nice gap yesterday and is getting a daily bull cross on MACD with RSI trending up.
Oil futures are topping according to the daily charts and are just about to test a support line.
Natgas continues its slide and is sitting at breakout support right now. The daily chart says it will continue to fall.
Treasuries are mixed.
GL today.
