11am update - the bears are absent

After two days of declines - not least in the R2K, and Mr Market is a mere 0.75% from breaking new historic highs. The sp'1990/2000s look likely next week, and is viable on the more important weekly cycle. VIX is slowly melting lower, -2.5% in the mid 11s.


sp'60min

Summary

...back from the mall (picked up an AMZN delivery, via one of their locker boxes, kinda good service. AMZN lose money on just about every sale, and I'm fine with that.
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So...we're flirting with the sp'1970 threshold, and is indeed less than 1% from breaking a new high.

All those maniacs getting overly excited about a 2 day decline....sigh.

Airline stocks encountering some chop... and UAL is almost back to flat, after gains of 3%. I'd still expect the airlines to power higher though, not least if the broader market is in the 2000s later this month.

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11.07am.. UAL turns red... DAL still +1%.... hmm

SDRL with notable gains of 2.5%.. after the big -5% Tuesday drop.
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time for an early lunch...back at 12pm