11am update - minor weakness

Many (but certainly not all) US indexes are seeing some minor weakness, but the Friday low of sp'1990 looks out of range. Metals are on the slide, Gold -$11, and this is really causing some upset in the miners, GDX -2.7%.


sp'daily5

GDX, daily

Summary

As I will continue to say... metals looks set to take out the 2013 lows, and if that is the case, the miners are going to follow - regardless of however strong the main equity market might be.
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So.. broader market is a little lower, but really.. its the same old nonsense.

Two things I've made no mention of yet... AAPL announcement tomorrow...and the even more important... Alibaba IPO.

Bullish....at least into opex.
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Notable strength: TWTR +3.2% in the $52s... headed for 58/60 by next earnings.