3pm update - old leader to lead lower

The transports is moderately lower right now, -0.4%. Certainly its nothing of significance, but it could be the very first sign of at least a few days of downside - although that seems more likely to begin after Friday opex, which is a large pomo day. Metals are holding together, Oil is showing some strength.


Trans'daily

Summary

Perhaps a little weakness into the close, we're sp'1657 as I type, 1652/50 at the close?
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*I will hold SLV (short) overnight,  am content with my entry, a touch under 22.00. Target are the 19s. Monthly charts suggest even lower levels this summer.
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UPDATE 3.15pm..Transports -0.6%...with sp'1654.....a close <1650 would make things interesting for early tomorrow..before the pomo $ kick in.

3.28pm Trans -0.9%, sp'1651....a sub 1650 close..now VERY viable.

Metals and Oil still holding earlier gains. I will be looking for a stronger USD in the coming few days.

3.38pm..there go the sp'1650s...and the USD is back to flat, after earlier declines of 0.4%

Metals start starting to show a little weakness.

A little price action in the closing hour...how exciting huh?