10am update - minor morning weakness

The main indexes open with a micro wave lower. Yet, there appears little if any downside power, a close in the sp'1690s looks viable. Precious metals are sharply lower, with Gold -$33. Oil is holding gains of around 0.8%. VIX is higher, but only 1.3%


sp'daily5

vix'daily3

Summary

*VIX is higher, but its mere noise.
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Well, its pretty quiet out there, not expecting much of today, other than the usual algo-bot melt. The fact there is sig' QE today and tomorrow..can only help.

The real action is in the precious metals, partly, the falls are technical..with a failure of near term support.

GLD , daily

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*With the weekly charts looking outright bullish now, I am long the indexes, from sp'1687