2pm update - a peek at the weekly

Whilst many get lost in the minor intraday noise, the bigger picture is pretty bullish. With the Transports breaking new historic highs, and the Dow/Sp' set to follow, there is nothing in the near term for the equity bears to look forward to. Metals and Oil remain weak, Gold -$8, with Oil -1.6%


sp'weekly8

Summary

Suffice to say...green candle'2..trend is UP.

Who wants to short this?
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2.07pm. Hourly index cycles starting to rollover again. I suppose there is minor downside to 1875/70 zone, but that doesn't merit any real attention.

Any earnings at the close I should be aware of?  I'm trying to steer clear of clown finance TV.