3pm update - another day of nonsense

US equities see continued latter day strength... back above the old resistance of sp'2064. VIX is confirming the renewed market confidence, -6.6% in the 17.30s. Metals remain moderately weak, Gold -$6. Oil has lost the rather important $50 threshold, -5.0%.


sp'60min

VIX'60min

Summary

I'm surprised at the continued equity strength. No doubt, much of it is due to short-stops being hit, and bears covering at 'whatever price is necessary'.

Regardless... best guess remains sp'2020s before a more sustainable chance for new historic highs.
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As ever.. market will be VERY vulnerable to any news headline in the closing hour.

Notable weakness, TWTR -2.1%....  the CFO needs to learn about not clicking suspect links!

...updates into the close.