sp'daily5
GLD, daily
Summary
*metals look very vulnerable... and if the USD doesn't start to cool... the Nov' 2014 floor will be taken out.
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As for equities... a retrace to the 50dma is now on the menu.. but still.. its nothing of any particular significance.
The wild card remains Greece, but I would guess they'll kick the can out another month or two.
VIX is building strong early gains +15% @ 13.90s.... next resistance is not until 15.00.... which would bode for sp'2100.. where the 50dma will soon be lurking.
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notable weakness: GDX -2.5%.. as the metals see sig' declines
coal miners, ANR -12%.... BTU -3%.... dire sector.
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awaiting a trio of data at 10am...
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Overnight gains in China, +2.0% @ 4910.... truly incredible.. with the giant 5K threshold viable in the next session.