sp'60min
GLD,weekly3
Summary
*if I'm right on the Gold.... we'll take out the $1130 low soon... leading to $1000... perhaps 900/875 zone by late summer.. which will make for one hell of a buying level.
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So.. we're opening lower in equities... but again... its nothing significant. A break <2087 does look likely though, and I'm most certainly holding to the 2065 target... which is possible late today 'if' the rats sell into the weekend.
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Notable strength: BAC +3.6%... no doubt.. due to 'hopes' of a fed rate hike in June. The financials will be the leader across 2016/17.... before the next system blow up.
Weakness: miners, ETF of GDX -4.4%... not surprisingly... as Gold/Silver get whacked.
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*..and yes.. the USD continues to soar... +1.4% @ 97.60s.... the giant 100 threshold is due... as Euro implodes.. ahead of more money printing.
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10.32am... problem for the equity bears.. VIX, only +2%.... but all things considered... the sp'2060s still look due.
Gold miners continue to weaken, GDX -5.4%