UUP, daily
sp'60min
Summary
A pretty incredible early morning.. as the USD explodes into the DXY 99s, and threatening a monthly close in the DXY 100s. The mid/long term implications of another huge wave higher should be clear.
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So.. equities are VERY mixed, and financials explode higher, but energy/miners, and heavy industrials suffer.
Broadly, the market is STILL due a retrace... with a natural basic target of the 200dma of sp'2063
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Metals are imploding...
GLD, daily
Gold loses the key $1100 threshold. $1000 looks due before year end. Again.. implications for the related mining stocks are clear.
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notable strength: DIS
Earnings were fine... stock is headed far far higher.... next year. Near term.. still vulnerable.. with the main market... not least due to currency issues.
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BAC... testing the $18 threshold.
Target by late spring/early summer 2016..... $22/23..... do the math.. and extrapolate to the sp'500.
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time to shop.... back soon
10.35am... back...
so.. we've sp'2083... a little bounce.... but remaining vulnerable as the daily cycles continue to swing back toward the equity bears.
Clearly, currency changes are going to spook some... would impact the Dow most (in theory).