2pm update - minor weak chop

Equity indexes are seeing some weak chop, with the VIX having turned positive. Metals remain notably weak, with Gold having swung from an earlier high of +$9 to -$2. Oil is building declines... now -1.8%. A weekly close <$50 remains very viable.


sp'60min

GLD, daily

Summary

*every little rally on the metals is being sold into. Weekly/monthly cycles remain broadly bearish into the summer.
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So.. a touch of equity weakness.. and most indexes look set to close either flat... or a little lower. Clearly... no sig' decline today... but perhaps the market is saving that for tomorrow.
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Notable weakness: AA, -2.1%.... merely uglier by the hour.

Bonus chart...

LL, daily

The horror continues... for the toxic wood company.