2pm update - QE taking the edge off?

One aspect that is no doubt helping negate some of the weakness today, another $2-3bn of QE-pomo. The market remains flush with Benny/Janet Bux. Metals are holding significant gains, Gold +$18, with Silver +3.2%. Oil looks set to close with net weekly declines of around -2%


sp'60min

GLD, daily

Summary

Not much to add..on what will probably be a quiet closing two hours of the week.

*the transports are set to close with net weekly gains of 1.5%..pretty impressive, and a likely sign of where the rest of the market is headed next week.
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Notable movers: UAL +3.7%,  TSLA -1.9%. I'm kinda curious as to the next Tesla earnings, not that I'd ever trade that hysteria-surrounded nonsense.