US indexes continue to hold minor gains, and despite some apparent weakness (most notable in the R2K), the market is still showing the underlying upside pressure. Metals remain weak, Gold -$2, although mining stocks are bouncing, GDX +0.9%.
sp'60min
Summary
A bit of a messy morning.
Bears are being teased..but..with the QE...it is just so difficult to even slip a little.
No doubt, the GDP reading will be something many will dwell on into the weekend..and right now, I find it hard to believe Q2 will be much better.
Q2 reading will not be issued until late July of course..so...equity bulls have a relatively clear run until then.
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Notable strength: AAPL, +$4 @ $628...with the stock split due next week (I think).
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time for an early lunch