sp'daily5
Summary
So.. a rather quiet day to start the week. No doubt its going to take a week or two for most to have returned from late summer vacations.
Even then...volume will no doubt remain light. The only time we get decent vol' is on down days...as ever.
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As for today... the problem for the equity bears remains the same...new highs are regularly being broken. With the upper bollinger on the giant monthly cycle now in the sp'2070s, there will no doubt be increasing talk of the 2100s by end year.
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Notable strength: airlines, UAL +4.0%
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3.09pm.. Something for the doomer bears to reflect upon...
Lower oil prices... in the 90/80s.. really is quite a bullish thing for the broader economy.
ps..not that I'm saying '90/80's are 'cheap'.... but its a hell of a lot better than 100/110.