Stocks...
GDXJ…above 29 this has room to 30.40. 34.64 is today’s 200 DMA.
Spu’s… The point & figure charts show new strength over 2050 resistance is needed for upside.
Spu’s… The point & figure charts show new strength over 2050 resistance is needed for upside.
Bonds …
FX…
Commodities…
Gold…is knocking on the door again @ the 1242 resistance level. The 200 DMA comes in @ 1255 today.
Gold continues it’s rise against the Euro.
Copper…any where close to the 2.50 swing count is a profit taking zone.
General Comments or Valuable Insight
Less is more today.
Currencies are retracing old real estate making new signals tough to come by.
There are still willing buyers of Dollars that come in on any decent dollar break in London.
Oil continues to erode. keep a weather eye on this commodity, for a big short covering rally will give a lift to the energy names and the Equity Indices.