10am update - opening gains

US equity indexes open moderately higher, although the gains are a little shaky. Metals have reversed from early gains, with Gold -$1, and Silver -0.1%, the related miners look equally vulnerable into mid March. Oil has seen a sharp reversal from early gains of 2.0%... to -0.9%.


sp'60min

GLD, daily2

Summary

*PMI manufacturing: 51.3, not great... but neither terrible.
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Any equity bear hoping for sustained action under the big sp'1900 threshold in the near term is set for a few more weeks of frustration.

**a new month, and the monthly MACD cycles have naturally adjusted.... but I'll cover that later.

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time to shop.. back soon