12pm update - new highs to end the year

US equity indexes break to new highs, with the sp +0.3% in the upper 1840s, a year end close in the 1850s is certainly viable...not that it should particularly matter! Weekly charts are offering the 1870/80s in the near term. Metals are holding gains, with Gold +$11


sp'weekly8

DRYS, weekly

Summary

re: DRYs, looks like we have seen a minor pull back..and now we're set to battle into the 5s..with a potencial swift move to the 6s.
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As for the main market...underlying upside...next to no sellers...hence..the trend will hold into January.

Who would dare short this right now?
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VIX update from Mr T.



time for tea :)