sp'daily5
Summary
So..we're likely going to open lower, and we have a fair chance of trading in the 1850s by the typical turn of 11am.
I sure see a lot of bearish chatter out there, which is ironic, considering we're only 0.9% from the historic highs of last Friday.
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For those who are in a doomy mood...
Hunter and Roberts.. as ever...proclaiming the imminent end of everything
Now, don't misunderstand, I'm not saying I disagree with their stated facts, but you know the Fed can keep kicking this can for some years to come..if they so wish.
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Notable early weakness: Oil, -1.3%...which is not surprising, considering the recent break in Copper - the two generally trade kinda closely.
PLUG +5%, in the $6.30s, which is a fair swing higher from the Tuesday AH move of -5%. Regardless, any 'stupid bounce' is an opportunity for the bears to re-short the hysteria.
8.39am.. sp-8pts...so..that is 1859.
8.59am.. Metals building gains..as market weakens... Gold +$17. . sp -9pts.