10am update - too good a number?

With net job gains of 321k, the market opens a little higher, with another marginal new high for the Dow of 17947. Opening hourly candles though are warning of a possible reversal. Metals and Oil are both significantly lower, as the USD breaks the 2009 high of 89.11.


sp'60min

Summary

...just back from a minor retail excursion... and there is indeed a great deal going on already.

Most notable action of all... the USD, at a new FIVE year high of 89.35. This dollar strength is exceptionally bearish for commodities, esp' the precious metals and Oil.

GLD, daily

My broader target of Gold $1000/900s looks on track.. as is a move into the $50s for Oil.
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Without getting lost in any talk of a 'retrace'.... the broader economic outlook remains 'okay' for another year.

This bubble ain't blowing up any time soon, is it? Just consider what happens to equities if the ECB can start buying bonds.
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Notable early weakness.. energy stocks... SDRL -4%... now in the $11s...
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time for tea.
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10.11am.. notable strength: BAC +2.2% @ $17.60.... tis a long way to $30