10am update - a new high for the Trans

US equities open moderately higher, but it is more than enough to break a new historic high in the Trans of 9177. Incredibly, that makes for a gain of 19.2% across 29 trading days. At this rate.. 10k before year end.


Trans, daily

Summary

Trans 10k is an easy target, and if you can accept that.. then you will be resigned to sp'2150/2200 in Q1 of 2015.
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Notable weakness in energy..

Nat' gas -3.6%.. with Oil -0.8%.
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At best.. equity bears might get a retrace back to the sp'2000 threshold... but even that might not happen until the the low 2100s are first hit.
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 *with weak Oil.. airlines are on the rise, DAL/UAL both higher by 1% or so.
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10.25am.. VIX is in classic melt mode... -1.3.% in the 12.70s. There seems little reason why that won't persist across the entire week.

A weekly VIX close in the 11s seems viable, especially if early reports of black Friday sales come in at least 'reasonable'