10am update - another set of new highs

US equities open moderately higher, with new historic highs on the Trans and sp'500 (2074). With the USD a little lower, -0.2%, commodities are being helped, Gold +$2, with Oil +0.9%. Rest of the day will likely be one of continued minor chop.. with a slight upward bias.


sp'daily5

Summary

A touch of weakness.. as I type... but still.. new highs are NEW highs, and it merely continues the broader hyper-ramp from mid October.

Frankly, why would anyone want to be getting involved this week anyway? Sure, individual stocks or commodities, but overall.. the indexes are merely clawing higher on holiday volume.

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Notable weakness... NFLX, -3%. A break of $330 will open up $300 within a month or two.

Not so pretty for this momo stock, but hey.. it does make a profit, has a huge customer base, and should be fine for some years to come. Best guess... 300 before 400 !
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10.09am.. Ohh the humanity... sp -2pts... any top callers out there?

What I find endlessly amusing... those who dare call a top.. on the very day the market makes a new historic high.

The fact it is a holiday week, makes it even more bullish.
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NFLX -3.4%... Hmmm