10am update - opening reversal

US equity indexes open a little higher, but have already turned negative.. as the smaller 15/60min cycles are clearly on the high side. Commodities are struggling, Gold -$5, whilst Oil is -2.7%... once again battling to hold the key $40 threshold.


sp'60min

USO'daily2

GLD, daily

Summary

An interesting open, but nothing for the equity bears to get overly excited about.

Regardless of any equity weakness across today/early tomorrow... nothing has changed.. we're still set to battle upward into the sp'2100s.

The Asia/EU markets are all looking particularly strong.. helped by their currencies weakening against the USD.
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notable weakness: miners, GDX -1.8%.
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I've eyes on DIS, AAPL, BAC... all as potential longs.

Under no near term outlook can I consider any market shorts. Pointless.