On the Open

Overall it's not a horrible open, although there are varying degrees of strength thus far. We'll start with the strongest on the open to the weakest.

 SPY is in a leading positive divergence on the 1 min 3C chart.

 The DIA 1 min chart is just in confirmation of the price trend.

The QQQ are falling behind, short of confirmation, but not yet such a horrible negative divergence that I would be overly concerned about it at this point.

I think the Euro has been rather resilient considering this weekend's events regarding Greece. As fr as Gold, there's just more and more news everyday. You may remember margins being lowered, the next day, "certified conflict free gold" and Friday, the end of OTC trading in gold.

I'm not sure whether to view these events as random and not connected or not. The Dodd-Frank legislation has been out awhile, it's not like the otc laws weren't known about.

We'll keep watching for anything interesting to develop in the space.