sp'60min
vix'60min
Summary
It is kinda interesting, and I can only hope that many of the doomer bears don't get overly excited about what is surely just a minor retracement.
With new historic highs in the Dow, sp'500, NYSE Comp', and the Transports, the default trade is unquestionably to the upside.
The weekly/monthly trends are bullish, and the weekly is offering the 1900s next week.
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updates into the close, if I can clear the sand from my eyes
3.05pm.. Hourly lower bol' 1878..and it won't be easy to hold under that for very long.
I still have the hunch that we'll trundle into the 1870s tomorrow..at which point I might get involved.
Momo stocks remain weak..FB/TWTR, both -5% or so.
3.20pm. . minor chop in the mid 1880s....it still looks like a brief foray into the 1870s early tomorrow, before a weekly close in the 1880s.
Notable strength: Oil, with USO +0.95%.
3.32pm... sp'1888, hmm, I'd be real surprised if we close flat..or higher. The momo stocks are pretty indicative at least some weakness in the broader market.
Oh well, I remain on the sidelines, will see how the market reacts to the jobs data.
I will consider a long in the 1870s...with a stop somewhere in the 1850/40s, depends on the price action tomorrow.
DRYS -1.5%, and looks like it will slip into the $2s this summer...which is pretty lousy, considering the current indexes!
3.47pm.. Another stock... AMZN -2.6% @ $333, which is 15% lower than just 3/4 weeks ago.
Dow turns green......no doubt the cheer leaders on clown finance TV will be waving flags..where is Pisani? Wrapped up in HFT cables?