3pm update - another week to the upside

Market is holding together very well, with most indexes seeing moderate gains. The Rus'2000 is leading the way with gains of 0.8%, and is now within easy striking distance of the ultimate psy' level of 1000. VIX is lower, and will surely just melt lower into the close.


sp'daily5

R2K, daily

Summary

No surprises today..nor across the week.

Next week will probably be a bit more choppy/active, not least since its opex. However, with two big POMO days, bears can't expect anything <sp'1600, if even 1620.
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*I exited USO a little earlier, after a surprising mini hyper ramp. Good gains, and although I expect higher levels next week, I'm content to exit for the weekend.

I will look to re-long USO early Monday. Target remains the 35s..if not 40s by late summer.
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UPDATE 3.40pm...micro-melt to close the week.

Looks like the market makers might want to close AAPL @ 450 to annoy the weekly put/call holders.

back at the close.