US equities are a little choppy, if holding very significant gains. S/t momentum continues to increase, but will be prone to maxing out this afternoon. WTIC $117s. Gold $2004… flooring from $1981.
sp’60min
VIX’60min
Summary
I have to wonder if we’ll see some late day cooling, as the more cautious will close out ahead of CPI. Yours truly is patiently watching GLD, which seems the more straightforward trade for Thursday.
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notable stock: CLF
Partly a bounce from yesterday, today’s market is clearly helping.
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notable fin: BAC
Bouncing with the main market. Higher yields are helping… ahead of Thursday’s CPI data.
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notable gold ETF: GLD, 60min
No clear cyclical floor/turn… yet.
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notable mining ETF: GDX, 60min
Cyclically floored.
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Time to catch a sunset…