sp'60min
UUP, daily
Summary
Rest of today will be rather interesting.
From a pure cyclical perspective, we're set to hold the 1872 low.. and then battle upward into the close... and all the way across much of next week.
Target is effectively a 5% swing from the 1870s to 1970s across 6-8 trading days. Considering the ongoing price action, that is VERY viable.
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notable strength...
AA +7%... but still in the $7s.
FCX +9%.. but only in the 4s
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With the USD on the decline... precious metals are naturally on the rise..
Gold +$14, with Silver +3.4%
The related mining stocks are following..
A clear break of trend, with GDX +6.5%.. one of the best moves since last August.
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stay tuned !
2.30pm.. sp +4pts @ 1906... and even I'm surprised at the power of the turn.
Never fails to surprise... or disturb me.
VIX turns negative.. already!