US equities are in micro chop mode, if leaning on the upward side, as weekly/monthly momentum continue to build. VIX 20s are very reflective of a comfortable mainstream ahead of the weekend. The USD is still weakening, -0.2%, printing the DXY 91.78s !
sp’60min
VIX’60min
Summary
*with an early close, I’m going to bring forward energy/metals from the afternoon.
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notable bond ETF: TLT, weekly
Bonds climbing for a second day, although set for a net weekly decline of -1.1% More broadly… I’ve adjusted the m/t rising trend, as the recent hollow red reversal candle low has held for two weeks.
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notable gold ETF: GLD, weekly
Gold printed a new cycle low of $1776s. The monthly close isn’t going to be pretty. Set for a net weekly decline of around -4.8%
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notable silver ETF: SLV, weekly
Silver whacked lower, printing $22.40, set for a third consecutive net weekly decline of around -6.1%
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notable mining ETF: GDX, weekly
Ongoing attempts to find/build a s/t floor from around the $33s. More broadly, set for a third consecutive net weekly decline of around -5.3%
As night falls… time for lunch…