2pm update - market churning

US indexes are still holding moderate gains. Most notable, the strength in the Transports, now a mere 0.6% from breaking a new historic high. Metals are continuing to build gains, Gold +$12. VIX has flipped to minor gains, as the market slips a touch lower.


GLD, daily

Summary

sp'1876, an entire 5pts helow the earlier high. Is that what constitutes an intraday collapse wave these days?

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DRYS, continues to pull back....

60min

I'll be watching that one early tomorrow. The $3.80s would make for a tempting entry level.

Regardless...bigger picture is unchanged...broader upside into the next FOMC
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