60 minutes in today and over 400 points down. GLD and TLT are the winners, followed. humbly, by GDX. We’re seeing a retreat to many S1 and S2 support levels and will probably retest yesterday’s low before gaining any headwind. Good news is that the NYAD has stabilized around .18, reflecting a small ray of hope for the bulls. The VOL BUZZ is the column of interest this morning and, no surprise, the action is focused on TLT.
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