US equities continue to hold moderate gains, with the sp +8pts @ 2048. The VIX remains under strong downward pressure, -3% in the 13.90s. Metals are increasingly weak, Gold -$4, with Silver -0.9%. Oil has swung from sig' gains of around 2.0%, currently -0.2%.
Little to add.
Clearly, the hourly MACD equity cycle is on the high side.. and starting to tick lower.
Broadly, another push higher looks due next week.. not least to be 'inspired' via higher oil.
See the latest post by Armstrong, who also mentions the $45 target I've been babbling about since yesterday.
As for the pumping...
You do NOT get a prize if you can guess at what time a fund manager appeared on clown finance channel'1 (aka, CNBC) to tout his new prized holding of Arris Intl. (ARRS).
Good work if you can get it, right?
back at 2pm