US equities remain moderately lower, in what is almost certainlty just a partial retrace of the Thursday/ECB gains. Mr Market should level out somewhere in the 2050/45 zone... where the 50dma is lurking. Metals remain weak, Gold -$15. Oil is clawing back.. -0.4%
sp'60min
GLD, daily
Summary
Multiple aspects of support in the sp'2050/45 zone.. I sure don't see a weekly close under there.
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Notable weakness, coal miners, BTU -6% in the $6.30s, still headed for ultimate target of $5
time for an early lunch... back at 12pm
