1pm update - Transports remains a mess

Whilst the broader market remains only moderately lower, there is once again more significant weakness in the Transports, -1.7% in the 8300s. USD is in cooling mode, -0.7% @ DXY 95.60s. Metals are battling to hold minor gains, Gold +$2. Oil is increasingly weak, -1.6% in the $57s.


Trans, daily

GLD, daily

Summary

*with the USD set for the low DXY 90s, metals/Oil are currently off my 'viable short' list.. at least for 2-3 weeks.
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Clown finance TV is getting overly excited at some tech' conference, where the AAPL CEO is set to appear. Frankly... tiresome.
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As for the market... despite the Transports, the broader market is seeing only moderate weakness, and it really isn't anything for the equity bears to get excited about.

notable weakness: INTC -1.6%, the sixth consecutive daily decline.... the daily cycle looks massively bearish...

Price structure is a giant H/S formation spanning almost a full year. I remain kinda surprised more haven't noticed. Near term target would be the low $29s.

 stay tuned