Closing Brief

It was another week for the equity bulls, with the sp'500 +8pts @ 1900. The two leaders - Trans/R2K, settled up 0.8% and 1.1% respectively. Near term outlook remains bullish, with further upside likely into into mid June.


sp'60min

Summary

*I'm almost reluctant to highlight an hourly chart.. I mean...why get lost in the minor noise? Trend is clearly up, as seen far better on the daily, weekly..or monthly cycles.

The problem the equity bears - and even many bulls, is getting overly wrapped up in minor moves, and losing sight of the broader trend, which remains outright bullish.
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Thanks to all those who said hello this week, it is always good to hear from you, especially those who want to share a chart or two.

Have a good (long) weekend everyone
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*the usual updates - across the evening, to wrap up the week.

**The weekend post - late Saturday, will be on the US weekly indexes.