1pm update - the melt continues

US equities continue to melt higher.. sp'500 +3pts @ 2026. The VIX remains relatively flat, +0.7% @ 14.28. Metals are vainly trying to hold minor gains, Gold +$3, which is helping the miners to bounce.. GDX +4.6%. Oil is recovering from earlier deep declines, -0.9%


sp'60min

Summary

Its getting real tiresome again with this kind of price action.

Can we get a turn on monthly jobs data tomorrow? I hope so, because I'm really getting frustrated at this price action.
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Notable weakness, energy stocks... CHK -1.7% @ $22  - I've a longer term downside target of $12.. although that is entirely dependent on oil/gas prices continuing to remain broadly weak.