sp'daily5
Summary
A break under the daily 10MA (2031) looks very viable today, and in many ways, that will make for a pretty good warning that a retrace is finally underway.
Best guess remains... sp'1980/50 zone by early December. Under no 'reasonable' outlook do I see sub'1900s in the near term.
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Hunter with Peter 'I'm still a dollar doomer' Schiff
I do agree with Schiff on a great many things, but the USD ain't going anywhere. I wish he could drop that mantra.
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Update from Mr Carboni
As any of you regular readers will know, I remain broadly bearish on the precious metals into next year.. and by default.. the miners. Friday was a strong gain, but then.. so was the previous Friday, and that didn't work out so well.
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Good wishes for the week ahead!
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9.24am... For those already awake... Oil is starting to slide, -1.2%... once again though, Nat' gas is going against Oil, +1.9%
*HAL -6%, buy BHI, +11% ... not surprising.. makes me wonder about RIG, SDRL, and indeed.. all of those 'crazy' priced coal/gold/silver/copper miners.
9.32am.. Interesting opening jump in the VIX of 10.4%... almost in the 15s, whilst indexes only a touch lower.