10am update - shippers are flying

The main indexes open a little higher, with the sp'1840s likely in the immediate term. Metals are seeing gains - Gold +$10, but this is probably just a bear flag. Notable strength in the shipping stocks, DRYS +8%, and set for the 5/6s by mid January.


DRYS, daily

GLD, daily

Summary

It remains a largely sleepy market, but there is ZERO downside pressure out there.

There is some pretty dynamic action though in particular stocks..notably those shippers.

With the BDI set for the 3000/500, even the 4000s by the late spring, DRYS.. et al, all look set to double.
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Naturally, the usual momo stocks are similarly doing well, with TWTR now in the $73s.

Some of the bigger stocks, APPL, AMZN, GOOG...just cooling off a little, before pushing higher.