The Hangover



This is the slowest non-holiday session I can remember in quite some time, in terms of both price action and volume.

The market appears to have a long weekend hangover, as the indices are drifting and only a few standouts like Zillow are moving with any kind of energy.

Silver continues to drag down the metals and miners, though the GDX Is fighting like a champ to hold $23 as we speak.

Also keep an eye on the sugar ETN to see if the major support trendline holds, seen on the daily chart, below. If so, we could finally see a secondary push higher.



One Response to “The Hangover”

  1. GDX components ABX, AEM and AUY all pretty nasty of late due to merger/acquisition deal or talks.

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