1pm update - sunshine and showers

US equities remain broadly weak, but there is still a lack of any underlying significant downside power. This is entirely reflected in the VIX, and despite being +9%, is only in the 14s. With the USD -0.4% in the DXY 94.70s, metals are holding moderate gains, Gold +$7, with Silver +0.5%.


sp'60min

GLD, daily

Summary

re: Metals: gold and silver are always going to be helped via a weaker dollar. One of the big questions for the coming summer, can Gold break and hold above the $1300 threshold. If it can... then the 1400/1500s will occur, and that has rather hyper bullish implications for the related mining stocks.
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notable weakness, NFLX, daily

After the big earnings drop.. now its a case of downside melt mode... support at 90.. and then $80. If you believe the main market is headed lower into the 1900s (at least).. then NFLX is an $80 stock.
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Here in London city...

Super fresh greens

Bullish English Oak

A rather typical spring day of sunshine and showers, and in just 2-3 weeks, London city will arguably be looking its best.

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time to cook....