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Metals, Mining, Natural Resources stocks, and Emerging markets Gaining ground

Just about 10 min from Europe's close, we've seen some pullback in US Equities which has taken S&P down to near the lows of this minor channel from 1/12 and 2254-5 will indeed be important.. under leading to a test of 2249, but NOT TOO MEANINGFUL thus far.  KEY developments-  Dollar decline really serving to boost EM space. and ETFs to consider for the next 3-5 days-  EEM, EWZ, GDX, GLD.   Most things Metals and mining related still in good shape and liquid Emerging mkts ETFs are definitely FAVORED during this time as Dollar falls.   Breadth is pretty evenly mixed.. and only 2 sectors down more than 0.75%.. that being ENERGY and industrials.  while Tech, healthcare, discretionary, materials, staples just showing fractional losses.. while Real estate.. Utes, and Telecomm all doing well today..    Overall, Favoring Natural resources and emerging mkts is a key theme while Dollar is falling.. and looks to offer some attractive risk/reward for buying here and holding over next week or two

GDX still quite resilient. Made some headway in getting above this downtrend and should continue higher near-term as US Dollar falls