sp'daily5
Summary
Suffice to say, new historic highs in no less than 3 indexes, that is extremely impressive, the broader ramp from Oct'15.. continues.
Equity bears need a daily close <2000, and that sure looks unlikely today.
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Metals are vainly trying to bounce, Gold +$3, but the real action is in the miners.
GDX, daily
A bounce.... is all it is. With Gold having lost the $1179 floor last week, there is EMPTY air until the giant $1000 threshold.
... if you believe Gold $1000, then you can knock off another 25/35% off the miners.
10.04am.. Oil continues to get trashed... -2.2%.. and that is pressuring the main market...
Notable weakness, JSDT -10.5% in the $35s.... short miner ETFs having problems on this bounce.
10.19am.. VIX breaks into the 15s... kinda interesting.. but will need 16s to clarify a new up cycle is underway.
Miners remain bouncing.. JDST (3x short) -11%