sp'60min
Trans, daily
Summary
*I remain long CHK, DO, and STX, seeking to drop at least one more position before the weekend!
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So..we're in the sp'1880s...and even the R2K/Nasdaq are offering further upside tomorrow..I'll highlight those later.
What is clear...a lack of downside power...and the bulls are merely able to melt this higher. The fact there is sig' QE-pomo tomorrow..AND Monday should really spook the bears.
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RIG, is now selling lower on good earnings...truly stupid.
I was stopped out at 44.70..if you can believe. A perfect exit.
I'd almost be tempted to buy it back..but I'm trying to lighten up before the weekend, so I'm leaving it alone!
11.21am.. a bit of chop..but we're melting higher... Dow just 45pts or so from breaking a new historic high. No doubt, clown finance TV is getting ready to start running the 'new high' ident.
Notable weakness in RIG, -1.2%, after opening sig' gains.
11.32am... pushing higher....the 1890s look due today...
A weekly close in the low 1900s would make for a real bad end to the week for the bears...but then..they have ZERO downside power...as reflected in the VIX.