Equity markets are higher but well off their best levels as the financials lag.
SPX +8, NAZ +20 and the DJIA +75.
Strongest sectors- metals, gaming, emerging markets, semis, homies and trannies while nat gas, junk, banks, internets and brokers lag.
NYSE -1700 net winners;
NAZ- 1100 net winners;
SPX - 430/65
NDX 90 GREEN;
TRIN- .72 - up volume about 6x the down;
VIX- down about 7% at 22.9 and still above the SMA 10.
The dollar is down about .6% and not sure where support is - it was 75 which is now resistance/
GOLD up at $1195 and just fed some DGP ducks - and will hopefully buy back lower.
Financials are definitely lagging and that could be signalling a sell off later today- in the mean time I am sticking with EWA EEM EWZ and TECH- I suspect buyers will come in later and the fins will join the party as beginning of December is probably a good time for equities.
Gartman with some under the radar issues.
Equity appetite waning?