1pm update - afternoon rebound

A little late morning minor weakness (especially in the R2K), but the main market looks set to claw higher into the close. Metals are a touch weak, Gold -$1, with a major snap lower seemingly likely Wed/Thursday.


R2K, daily

Summary

*After some consideration, I picked up a small index long, via IWM. I realise some might roll their eyes at that one 'ohh lookie, permabear goes long just under sp'1900, its clearly a sell signal!'. Yet..seriously, equity bears look powerless, and I have to treat all minor pull backs..as just that.

I will hold overnight, unless there is a very significant rally into the close.
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So...3 hrs to go..lets see if Mr Market can manage its first daily close in the sp'1900s. All cycles are supportive of it.