12pm update - quiet Friday

The market is ending the week on a very quiet note, and that will merely allow for the usual algo-bot melt upward. A close in the 1680s won't be easy, but the 'melt' is the default trend. Bull should be satisfied with any close in the 1670s...with a VIX that can't even hold the 14s.


sp'60min'3

Summary

Sp'500 has strong support at the rising hourly 10MA.currently 1671. Upper bollinger is offering the mid 1680s..as early as late today/Monday.

Bulls...unquestionably...in full control.
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*I remain long Oil (via USO), its currently battling higher, and trend into August looks very strong.
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Ditching the CEO is a waste of time, if you still won't raise your book prices...

BKS, daily

Headed for sub 10s, if they don't change the costs/prices...within the next quarter or two.

If you look closely..you can almost see the vultures starting to circle.


VIX update from Mr T



time for lunch :)


12.15pm.. EXITED long Oil... thats it for me..I'm done for the week.

Will look for another Long oil/index trade next week


UPDATE 12.34pm...plane fire in London...

Boeing shares getting whacked..

Battery issues? Or maybe..just the hot summers day in the city?