Wednesday 12 November 2014

2pm update - broader micro chop

The broader US equity market remains seeing broader micro chop, but holding under the recent high of sp'2041. Metals are starting to slide, Gold -$7, which is impacting the miners, GDX -0.9%. The rising USD is not helping, +0.4%


sp'60min


Summary

Not much to add. Pretty tedious overall.... retail sales data on Friday, that is really the only scheduled thing this week.

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Meanwhile, miners are weak..

GDX, 60min


Kinda interesting... but still.. a long way to fall.