10am update - clear breaks... everywhere

US indexes open moderately higher, but it is more than enough to confirm that Thursday was a key floor of sp'1926. Metals are holding moderate gains, Gold +$5, but as ever... will likely fade lower... sooner or later.


sp'daily5

Dow,daily

Summary

Regardless of any chop/minor weakness in the rest of today, what is clear, we've terminated the down trend.

Notable strength: oil/gas drillers, RIG +2.1%, SDRL +3.1%, but then, they are still massively lower since the summer.
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*I'm ill since the weekend, will be back at 12pm.