The stock market was kind to us today. Spain, EWP, was up 3.9%. Italy (EWI) was up 2.9%; both were featured in an August 20 video and post.
After recently noting bullish developments in gold (GLD) and silver (SLV), GLD popped 2.2% Friday and SLV tacked on 4.6%.
Small caps (IWM), covered this week, continue to hold their breakout for now. IWM was up 0.47% on Friday.
We still want to see the $SPX/IEF chart improve. It held above support, but still tells us to remain very flexible with our long positions. The S&P 500 still has not cleared 1,415.