11am update - set to break the 50dma

US equities are holding borderline significant gains, with the sp'500 so far hitting 2058. Renewed upside in the afternoon will offer a key close above the 50dma of 2059.. along with VIX cooling into the 15s. Metals are losing early gains, Gold -$1. Oil remains moderately weak, -0.7%.


sp'daily5

GLD, daily

Summary

*metals remain broadly weak, and with PPI data tomorrow... Gold could break the key low of $1130 before the weekend.
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As for equities, sure... a little churn/chop into early afternoon, but from there.. .looks like a fairly high probability of a daily close in the 2060s... which would be suggestive of 2075/80 by the Friday close.

Notable strength:  DIS, +2.3%.. as Avengers'2.. is another day closer.
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time to shop.... back soon