Monday, 2 May 2016

3pm update - leaning weak into the close

US equity indexes are holding broad gains, with the sp'500 breaking a new intra high of 2079. The smaller 5/15/60min cycles are all on the high side, and offer initial some cooling into the close. USD continues to weaken, -0.5% in the DXY 92.60s. Oil remains weak, -2.5% in the $44s.




Well, a broadly bullish day to start the month...  but things sure could be different in another 21 trading days.

notable weakness...  miners, GDX, daily

.. but its also notable that GDX broke a new cycle high this morning.

... back at the close.