12pm update - holding gains

US equities continue to hold moderate gains, and the only issue is whether we see a weekly close above or below the sp'2100 threshold. Considering ongoing price action, along with the bigger daily/weekly MACD cycles... a close in the 2100s is viable. Metals remain weak, Gold -$4, with Silver -1.0%.


sp'60min

GLD, weekly

Summary

re: Gold. Set for the fifth consecutive net weekly decline, having broken a new multi-year low of $1062.

Of course.. the floor callers are still out there. For now.. there is simply not enough capitulation in the precious metals mining sector.

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VIX update from Mr T.



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time for tea :)
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12.15pm.. oh noes... seat belt problems for TSLA

A company that loses money on EVERY single sale.  Not bullish.