11am update - minor chop turns to churn

US indexes opened higher, saw some minor chop, and it now looks like we'll merely 'churn into the weekend'. The equity bulls have managed a very strong turnaround from the Monday low of sp'1834. A weekly close in the 1870/80s would be yet another strong net weekly gain.


sp'weekly8

Trans'weekly'2

Summary

*there is actually quite a bit going on, despite the main market somewhat muted.

We have the coal miners getting smashed, ANR, BTU,
Gold/Silver both significantly lower, after the 'good' jobs data.

VIX has again slipped to the 13.50s....the 12s certainly look viable.
-

Overall though, the primary trend is unquestionably bullish, with further upside likely into the next FOMC of March'19.


11.11am ...market teasing the bears..with a minor down cycle to low 1870s.

Anyone want to get hysterical over this?   Go look at the above weekly charts!