12pm update - Transports breaks into the 7000s

Without question, the most notable aspect of today is the Transports index breaking into the 7000s. The weekly charts are offering 7200/7300 in November, which might equate to sp' in the low 1800s. Metals are building gains, gold +$16, Oil remains weak, -0.5%


Trans, daily

Trans, weekly2, rainbow

Summary

*I want to note that Mr Permabull - Oscar Carboni, was the first to suggest Transports in the 7000s. I forget the precise time, but I believe it was in the very early spring, Feb/March.
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I myself ended up resigned to Trans'7000s this year a month or so after Oscar first touted it, once it became clear that the QE fuel just won't be ending any time soon.

time for lunch