11am update - weak metals and oil

The main indexes are down just slightly, but the real action is again in precious metals and oil which are significantly lower. Silver has taken out the recent collapse wave low, with Gold not too far behind. Oil is -2%, with Gasoline inventories up.


SLV, daily

GLD, daily

USO, daily

Summary

A relatively quiet equity market, and there is no reason to expect much from today.
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*I am long USO from the 32.90s, seeking the mid 33s as a provisional exit target. That is still viable later today, but more likely Thurs/Friday.


11.37am..main indexes again higher....Gold/Silver remain weak...but Oil looks like a floor is in.

AAPL -$10...not sure what to make of that.  weakness into opex, then up next week?