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.