10am update - shaky opening gains

US equities open a little higher, but the gains look unsustainable. Renewed weakness to the low sp'2060s remains viable in the near term, with the 2020s next week. Whilst the USD is -0.3% in the DXY 99.00s, the metals are again weak, Gold -$2, with Silver -0.7%.


sp'60min

GLD, daily

Summary

*interesting to see the opening hourly candle (a black-fail no less) is stuck precisely at top of the bear flag.
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So... a little choppy.. and market still feels tired.

A moderate net daily decline looks due... anything <2070 would be a bonus, and setup tomorrow for a break under the 200dma (2064).. and into the 2050s.

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notable weakness, AAPL

Equity bulls should be seeking AAPL to hold $110... even if sp'2020s next week.

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stay tuned


10.03am.. BABA not having such a great start.. despite opening the NYSE

Ugly opening decline.. next support not until $70... where the 50dma is lurking.
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10.27am... sp -3pts... 2078...

notable weakness, Oil, -1.3%...  note.. there is no EIA report at 10.30am.. due to the semi-holiday.