10am update - opening minor weakness

US equities open a little lower, but its certainly nothing significant, despite the continuing Greek concerns. Metals are on the slide...set to lose the 50dma, Gold -$3. Oil is very weak ahead of the latest inventory report, -2.9%


sp60min

GLD, daily

Summary

*I remain short the precious metals via SLV... it looks okay right now... if the 50dma is lost... should be another 4-6% downside in the near term.
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So.... market is a touch lower, but is clearly going to strongly react to any Greek headlines later today.

Notable weakness, TSLA -3.2% @ $209... on concerns about earnings due AH. Personally, I think it'll be in the $230s this time tomorrow...

*awaiting the EIA report at 10.30am............


10.31m 4.9 million barrels surplus... its a lot... Oil -4.6%