10am update - opening chop

US equities open a little higher, but there seems to be a lack of buying power... but then.. it is holiday trading! Metals are weak, Gold -$5, with Silver -1.8%. Energy remains in collapse mode. Nat' gas -2.8%, whilst Oil breaks a new cycle low, -1.8% in the $52.50s.


sp'60min

USO, daily

Summary

*Chicago PMI: 58.3... rather worse than the expected 60.8
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A bad start to the last day of the year for the precious metals... and Oil.

The minor threat of a year end close in the sp'2100s... now seemingly completely out of range.

Hourly cycles are still offering another major up cycle.. but that looks set to not occur until Friday.

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YOU have the entire day to submit a target for end 2015...

See HERE for details :)