10am update - opening reversal

The sp' opened -5pts, but is already offering a pretty stern reversal to the upside. Underlying pressure remains to the upside, and the last 3 weeks have been arguably one giant bull flag, as seen on most indexes and stocks. Metals are weak, Gold -$4, Oil -0.4%.


sp'60min

Summary

As ever, the market is showing the underlying strength, that will probably carry us through into spring 2014.
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Notable strength in FB, and UAL


SLV, daily

Silver has broken support, Gold...yet to follow.