sp'daily5
Summary
*consumer sentiment, 89.4.... pretty high, but still below the 'property bubble' highs
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It has been a very quiet week... any daily close <2030 would probably clarify that the next week or two will be one of moderate downside.
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Notable weakness, DRYS -2.8% @ $1.37.... a terrible decline from a year ago... when it briefly managed $5.00
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10.03am.. I've no idea why, but metals are swinging strongly higher... Gold +$3... with the miners following... GDX from -2.1% to +0.3%
10.08am . Gold +$7... the USD is cooling, slipping back under 88.... so.. that is probably the reason.. along with short covering.
Regardless.. broader metal/miner trend is still lower.