12pm update - even the retracements are minor

Equity bears are unable to even claw to the sp'1900 threshold (well, at least today), and the market is breaking new historic highs in the Trans and sp'500. Precious metals remain very weak, with Gold set to fall a further $50 into early June.


sp'daily5

Summary

I realise some will be wanting to short here, but really...why?

How can it be a valid short whilst the weekly/monthly charts are still outright bullish? What about the Transports, which could be in the 8100s tomorrow?

Ohh yeah, the GDP data tomorrow, market will drop then, yes? 

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VIX update from Mr T



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time to shop