VIX'daily3
sp'weekly8
Summary
*still a third red candle on the weekly charts, but we're set for a net weekly gain on most indexes (the exceptions remain the two leaders, Trans/R2K
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VIX is highly suggestive of 'bears go away..come back..in a month or two.
A late day update from Mr T.
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The only thing stopping the bulls from climbing across next week is..the Yellen. So long as her script writing team don't have her say anything stupid, market looks set to climb higher.
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Momo stocks are all doing well...here is one notable climber....
NFLX, daily
a new historic high. Would the $500s now be viable by late spring for Q1 earnings? I realise its at the top of channel, but still, it would make for an overly risky short.
2.18pm With continued strength, the Trans - old leader, has just offered the first real turn on the weekly charts. more on that later.
Notable weakness, UGAZ -14%...weekly nat' gas charts would suggest a further 15% to go.