sp'60min
GLD, daily
Summary
*action in the metals is still offering upside.. so long as the USD doesn't manage to hold the 93s. A move into the 94/95s into end May would cause some real problems for those in metal/oil land.
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Not much to add, on what is a pretty standard OPEX.
The underlying upward pressure in equities should be clear to almost everyone, and the current weekly candles are offering rather clear spike floors from the Tue' low of 2085.
The 2140s look due... and 2170s will be just about viable by the FOMC of June 17th.
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notable strength: NFLX+4.6%.. and yes the PE is insane... 275/300... or perhaps you'd rather a neg' yield EU bond?
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VIX update from Mr T.
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time for a break