12pm update - ...and here are the 1820s

The main indexes are naturally higher, after the Thursday consolidation. A weekly close in the sp'1820s, and the Dow 16200/300s would be total confirmation of strength into January, and more broadly..the late spring. Metals are holding bounce gains, with Gold +$14


sp'daily5

Summary

Well, the 1820s...as expected. Underlying MACD cycle on the daily charts is only now going positive, and we could easily rally for another 3-5 trading days. Even then, there is little reason why the first half of January won't take us into the sp'1875/1900 zone.

The Dow monthly breakout in November was key to all of this. Hence..my lack of surprise.
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VIX update from Mr T.



time for tea :)