3pm update - a second day of gains

Regardless of the exact close, US equity indexes are set for a second consecutive day of net gains, with the sp' likely to settle in the 1880s... with VIX 24/25s. USD is holding sig' gains of 1.0% in the DXY 96.80s. Metals remain under strong downward pressure, Gold -$32, with Silver -3.1%.


sp'60min

GLD, daily2

 
Summary

The hourly equity chart is showing a few baby candles....its looking increasingly toppy...  as the 1871/64 zone looks viable by Thursday... not least if the next Oil inventories are again monstrous.

So.... the market is leaning bearish... for a day or two... but broadly.. we still look headed UP into next week.

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notable weakness... miners, GDX, daily

Not surprisingly, miners are getting trashed as the metals are in cooling mode. Even Goldman is saying gold is now an outright sell.
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*re: messages... just realised Disqus is not sending me alerts that I've been receiving messages across today... urghh.... will get back to YOU.
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back at the close.