Defensive sectors were also weak yesterday, cancelling their tentative bounce of last week.
Treasuries continued to be sold, which pushed rates higher.
However, all the commodity-based sectors were rather negative, as the US$ tried to bounce.
We can see that the US$ tried to bounce yesterday, while the Euro and the Yen were somewhat weaker.
As I write, the Euro/US$ just spiked up.
Equities look weak and could open on a downgap.
Conclusions:
It seems that we should expect volatility today and tomorrow due to the FOMC announcement. Not sure that I want to buy equities weakness ahead of the announcement.
Even CELG, which was possibly the only stock on my buy list, was very weak yesterday.
