2pm update - Transports soaring into the stratosphere

All the indexes are holding moderate gains..and building upon them. Yet again though, the Transports is the real star, and is now +1.5%, and is making a play for a close in the 6400s. Truly incredible, and that will be a mere 800pts short of my August 7200 target!


Trans,daily

Summary

The old leader is leading...with the fourth consecutive significant daily gain.

Literally..the sky is the limit.
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I remain content on the sidelines.

On no basis can I understand why anyone would be shorting the market right now. The market mood is not in the least bit gloomy. Quite the opposite.

*VIX is a touch higher, but...that's to be ignored.