10am update - opening minor weakness

The indexes open with very minor chop, and again its apparent that the bears have no significant downside power. Market looks set for a very viable latter day ramp..after the FOMC minutes are released. Metals are weak, Gold -$11.


sp'60min

GLD, daily

Summary

Not much to note.

I have to guess we'll close in the 1840/45 range today, and that still keeps open the door for a weekly close in the 1850s.

No one out there should have the audacity to claim the market is weak right now. Is no one looking at the low VIX anymore?
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Notable weakness, GDX, RIG, TWTR
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As for the metals...broader trend is still down, but hey..the gold bugs would still dispute that.
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10.21am.. indexes already set to turn green, great huh?  Is anyone really surprised?

anyone still think the mid 1700s viable in this cycle?


10.39am.. and there are the 1840s..and its not even 11am yet.