10am update - same as yesterday

Good morning. Perhaps I should just link to yesterdays 10am post. After all, it'll be almost exactly the same. Opening minor declines...with an expected latter day recovery/melt up. USD is slightly lower, and a new down cycle could continue for 1-2 weeks.


sp'daily5

vix'daily3

Summary

Nothing much going on, although the dollar weakness is kinda notable.
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*I bailed on SLV at the open...and also just stopped out of USO. Both..very significant gains.

Expecting a minor down cycle in both..until at least 1-2pm. I might jump back aboard one/both later today.