10am update - opening mixed chop

Equities open with some mixed chop, but it is highly notable that new historic highs were hit in the usual trio... Trans, Dow, and sp'500 of 2039. With a touch of equity weakness.. reflected in the VIX, +2.5%, breaking back into the low teens.


sp'60min

Summary

Not much to note. With new highs hit again already this morning, equity bears have little to be hopeful about.

Yes, Oil is weak, turning negative... now -0.2%.. but Mr Market is starting to realise that lower energy prices are bullish for the consumer and broader economy.
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Notable strength... miners.... whilst Gold +$7.

GDX, daily

If the metals weaken later today... GDX will be in trouble.
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time to shop... back soon