12pm update - Transports confirming the move

The Transportation index has followed the Dow/Sp'500, breaking a new historic high. with viable upside to 9250/9300 in the near term... equating to the low sp'2100s. VIX remains subdued, but managing to turn fractionally positive.


Trans, daily

Summary

*as noted in recent weeks, it would seem a matter of when.. not if... the Trans breaks the giant 10k threshold. That still seems highly unlikely until next year though.
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Little to add. A minor pull back from the opening high of sp'1971.. but still.. with new historic highs.. this is no market for bears.

It now seems highly probable that we'll see the sp'2100s before end year... and both Riley and Carboni will have a lot to pleased about.
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VIX update from Mr T.


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time for a long lunch.... back at 2pm.