Thursday, December 11, 2014

Three quick observations before lunchtime

Three quick observations before lunchtime:

1. Both USO and GLD spiked this morning, but it seems USO was the one that the market was happy to sell back down. That seems positive.

2. It seems GDX is leading the metal. Then again, GDX led to the downside in the big pukefest that was yesterday afternoon.

3. HYG is weak today but it seems it's not inspiring people to sell stocks anymore. Maybe they've decided to just ignore it.

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