Well, coal miners that is, namely Walter. Precious metals miners are bouncing, too, and offering high beta trading.
If yesterday’s lows hold on the gold miners, the many “inverted hammers” printed yesterday on the daily charts point to a tradable bounce. I also have the actual precious metals themselves on watch.
As for equities at-large, it is another lethargic morning where the Draghi QE faded like a puff of smoke (and mirrors).
It is still early, though, and Tesla is firm after earnings, not to mention WFM.
I suspect the IWM under $115.30 would unlock more selling today. Otherwise, I expect choppy action.Twitter