US equities are in bounce mode. Meanwhile, the precious metals are moderately mixed, Gold -$12 (0.7%), with Silver +0.7%. The miner ETF of GDX is currently -2.0% at $29.10.
GLD daily
SLV daily
GDX daily
Summary
Gold/GLD: gold is lower, printing $1933, pressured by higher yields.
Silver/SLV: silver is net higher… at least for SLV. Finviz.com is suggesting silver is -0.6%.
GDX: miners are very significantly lower, especially impacted by the weak main market.
notable miner: GOLD
Reflective of the sector.
–
Equities: sp’60min
Hourly momentum remains very low.
The micro 5/15min cycles will be prone to maxing out around 2.30pm.
*I’m getting ready to pick up block’1… probably SPY Oct’20th $430s or so.
UPDATE 1.53pm… I’m short via the $430s.. .from sp’4361.
I might be 10/20pts early, but the micro 5/15min cycles already look tired.