10am update - opening weakness

US equities open moderately lower, but it only makes for a minor retrace of the Friday 42pt hyper-gain. Whilst the USD is +0.6% in the DXY 98.80s, commodities are under pressure.. Gold -$10, whilst Oil is -3.7% in the $38s.


sp'60min

Summary

There is little to add.

No doubt a few bears will be getting overly excited at the opening weakness, but really... it won't likely be sustained. Equity bears saw a bonus washout last week.... it ain't happening again this week... right?


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The only bear happy about the GMCR deal this morning.. the Coca Cola polar bear.

see Bloomberg for the 2014 share purchase: HERE.


GMCR, daily

Back to the levels from mid-May.  More on GMCR later...

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time a little sun... back soon
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10.32am... Market should floor around 2075/73...

Hmm