3pm update - melting into the weekend

The equity indexes remain somewhat mixed, with the sp'500/R2K/Trans, all occasionally green, but the Dow/Nasdaq holding moderate declines - due to MSFT/GOOG. VIX remains the laughable symptom of a market that is fearless, -6.6% in the 12.80s.


sp'daily5

vix'daily3

Summary

Unquestionably, it was another week for the bulls.

Bears can whine all they like about the hugely important missed earnings from MSFT and GOOG, but the market...simply doesn't care.

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sp'1700s look viable early next week.

*Silver & Gold slightly building gains this afternoon, and Oil is back positive on the day.

No doubt, WTIC Oil will be in the $110s next week.  Clearly..that is bullish for the US economy.