12pm update - minor chop

US equities see a micro wave down to sp'1984... but there remains the incessant underlying upward pressure. A daily close in the 2000s now looks unlikely, but still, the weekly cycles will be putting in a major net gain. Oil is still on the slide, -1.1%.


sp'60min

Summary

With Jackson hole out of the way for another year... bulls have a clear run now until the next major econ-data point.... monthly net jobs.. but that is two full weeks away.
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Notable strength in airlines, DAL, UAL, both +1% or so.

..time to see what the cheerleaders on clown finance TV are saying....


12.20pm... GMCR.. I'd not noticed... I guess people still like coffee huh?

Market back in melt mode.. .sp'1990.... hourly charts offering 1995 in the immediate term. 


12.32pm.. Notable strength, R2K +0.3%.... easy upside of another 1% across the next day or two.

As noted yesterday, the daily spike-floor candle, STRONGLY favours the bulls into next week.

VIX +1.3%... still set to close red.