3pm update - 214pts across 18 days

US equities are merely churning into the weekend, with the sp'500 having hyper-ramped 11.7% since the Oct'15th low. Considering the overall sentiment, there seems little threat of sub'1900s for a very considerable time. After all... Bullard will be ready to issue a press release if necessary.


sp'weekly

Summary

*the weak USD, -0.4% is no doubt especially helping the metals (with miners), and Oil, but both of those remain in broader down trends.
--

Its been just another week for the equity bull maniacs.

My original hope for a 'sig bounce' to the mid 1900s..now looks laughable. Not only did the market break back over 2000, but it decisively took out the Alibaba high of 2019.

Near term threat of 2040/50... with viable downside to the 1970s. In either case... bulls have little to be concerned of... not least with Santa on the way.
--

I still see a lot of bearish outlooks out there, but with new highs almost every day, how the can hell can some still tout them as valid/intact?

--
3.20pm.. A few rats are selling into the weekend... but still... net weekly gains... after decisive new historic highs.

Hey.. at least now that I'm out.. now the market can fall.