12pm update - tired of the lunatic bearish talk

The market is holding moderate gains, with the dow set for a daily close in the 16500s. The bigger weekly cycle is offering 16700s in the immediate term, which would equate to sp'1850s. Metals remain below old broken support, with Gold -$12


Dow, weekly

Summary

Maybe its the moon, or the cold, or something, but I'm really tired of the lunatic talk out there..more than ever.

So many of the bears were getting excited about the 1750s, really? Just how the hell are we going to get under 1810/00, never mind down to 1750?

Bears have ZERO downside power, but hey, the running joke continues to be, none of the bears seem to be able to grasp this.
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RIG, is vainly attempting to rally after opening weak.

Still stuck in what is a pretty clear bull flag...upside target remains 53/54
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Notable weakness in NFLX and TWTR, both -4% or so.
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VIX update from Mr T.



back later.