Whilst equities remain stuck in the sp'2120s - with VIX 12s, the real action remains in the precious metals market. Gold -$27, with Silver -0.6%. The miner ETF of GDX continues to implode, -7.9% in the $14.20s.. the 12/10s look due.
Lets take a look at Gold and the miners.. but on the bigger monthly cycles...
The horror is indeed clear.. especially seen in the related mining stocks, most of which are -85/90% since 2011.
If you assume Gold $1000... do the math.... it will knock another 25% or so off most miners.
Aside from the mining stocks...notable weakness: DISCA -3.9%
CHK -2.4%, with Nat' gas -2.9%
strength: AAPL +1.8% in the $131s., FB +2%.. as the momo chasers are seeking the big $100 threshold.