Dow, monthly'2
Summary
The giant monthly cycle on the Dow 'rainbow' chart has the first green candle since last December, and looks set for further gains next week/month.
For those seeking sp'2050s, that probably equates to Dow 17500 or so.
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Other than that..it remains very quiet out there.
Notable gains in the R2K, but I think I'll leave that for the next hour.
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1.05pm.. A lot of chatter about the Oil/gas drillers, RIG is on the move, +2.7%.
Possible double floor on the daily chart....hmm
1.25pm.. I've my eyes on SDRL. I've meddled in that a few times this year.. its in the $37s...weekly charts offer 40/41. Interesting company.