10am update - still a bear flag

Despite opening moderately higher, US equities look highly prone to turning lower as the day proceeds. With the USD +0.7%, commodities are under pressure, Gold -$17, with Oil back on the slide, -3.2%.


sp'60min

GLD, daily

Summary

*action in the metals (and miners).. along with Oil remains pretty wild...  as usual.. both are closely tied to currency changes.
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So.. indexes are a little higher.. but really..  we look set to break a fair bit lower.. later today.
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Notable weakness: GDX -3.5%, CHK -2%