As fleeting as the wind, risk is. Some days its on, some days its off. Some days its on and off and on and off and off and on. Today is one of those days where the market is having trouble making up its mind.
Stocks have turned down on the session, down about 0.5% (after a 2.4% rally yesterday) and oil prices have shed most of their early-session gains, now at $59.90 from $61.45 earlier.
Stop-loss sell orders are eyed in the 1.3940 area, traders say. We sit close to that level, now at 1.3945.