US equities closed significantly higher for the third consecutive day, sp +31pts @ 1926 (intra high 1930). The two leaders - Trans/R2K, settled higher by 1.6% and 1.5% respectively. Near term outlook remains broadly bullish, with next resistance to the 1950/65 zone.
A third day for the equity bulls, with the 'old leader' Trans, leading the way higher. Indeed, the Trans is now set for a fifth consecutive net weekly gain.
Broadly though, this is almost certainly just a powerful bear market rally.
Unless the sp'500 breaks >1970 (2K to be decisive), I have no inclination to change the broader bearish outlook.
a little more later...