sp'daily5
UUP, daily2
Summary
*I remain more focused on the USD than anything else. Once the current down wave floors (probably a few weeks away).. the metals/oil.. and perhaps equities will all have maxed out for the summer.... from there.. things get real interesting.
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So.. opening gains, and now its case of whether we get a daily close in the 2100s.. although it doesn't necessarily have to happen today.
notable strength: +3.9% @ $671.... I would guess the PE is somewhere around 300 now.
oil/gas drillers, RIG/SDRL, both higher by around 3%... if Oil can break/hold $62... energy stocks will get a particularly strong kick higher.
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weakness: TSLA -2.2%... as some traders again start to wonder if the company will ever make money.
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10.32am.. Equities holding gains....
Oil inventories -6.8 million barrels... inline with the API report.
Oil holding the $61s... set for 63s.. and then 65/67.. where they are multiple aspects of resistance.
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Momo chasers are out in force today.. NFLX +5.8% @ 684.... as the stock is due a split... which will bring even more chasers in.