3pm update - Transports entering the stratosphere

Whilst the main market continues to climb, the real hyper strength is in the 'old leader' - Transports, higher by a huge 2.6%, into the 8500s. A new historic high in the Trans would be a major problem to hopes of renewed weakness in November.


Trans, daily

Summary

So, even if the sp' gets stuck in the 1960s.. along with Dow 16900s, ... if the Transports starts breaking new highs, it will likely rule out any kind of November 'crashy' action.
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For now.... its a case of wait and see how far the bull maniacs can push this...into next Wednesday.

VIX is naturally re-crushed, -11% in the upper 15s.
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*AMZN earnings at the close.... I'll look for a ($1.10/30) loss... but hell, across the last few years, even when AMZN posts lousy numbers, the stock often still ramps.
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3.07pm.. market a little twitchy on some kind of 'Ebola news'.

sp'5min....

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3.22pm.. So.. an Ebola headline knocks 10pts off the sp'500...  twitchy market.

3.30pm... As explosions rock London.... (pre Nov' 5th terror celebrations)... the market is stuck around 1950.

Certainly, this cooling is helping to ease the concern that we'll just continue on a hyper ramp..straight to new highs.
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... awaiting AMZN earnings...... due immediately at the close.