11am update - equities battling higher

The US markets remain somewhat quiet, but the trend is clear, with the sp' breaking into the 1880s - a mere 1% from the historic highs. The 'old leader' - Transports has already broken a new high. Metals remain weak, and are slipping away, Gold -$8


sp'daily5

GLD, daily

Summary

Metals sure look ugly on ALL cycles, and that sure won't help the miners. GDX -0.6%.
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As for equities, hopes of a minor retrace to the 1850/40s are fading fast, and with sig' QE tomorrow, those bears trying to short a micro decline are in trouble.
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Notable strength across most of the momo stocks, esp. TSLA +5%