3pm update - bullish start to the month

Regardless of the exact close, it has been a start to a new month, with new highs for the R2K, Dow, and most notably.. the Nasdaq Comp @ 5K. Metals remain broadly weak, Gold -$4, with Silver -1.3%. Oil has significantly cooled from earlier gains, +0.9%. VIX remains subdued in the low 13s.


sp'daily5

GLD, daily

Summary

*the declines in Gold are nothing significant, but still.. its a bearish start to the month. Lately, overnight gains has almost always evaporated.
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The daily 10MA is sp'2107... and unless we close under that today... there is high threat of sp'500 following the rest of the market with new highs in the 2120/30s.

I'm certainly aware some are looking for the 2130s into the Friday jobs data... and then a down wave of 3-5%.

Regardless.... broader trend is UP... right?
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back at the close... unless we break <2107.