Today is day'5 of the latest hyper-ramp, with the mighty Dow having climbed almost a full thousand points since the Tuesday close of 17067. There looks to be another 125/150pts before year end, equating to sp'2095/2105... along with VIX 12/11s.
Dow, monthly
Summary
*I thought a brief reminder on the bigger monthly cycle would be useful for this lunch.
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In terms of the Dow, for the equity bears.. it most pretty bad to see only 3 negative monthly closings... and only January even rated as significant.
December certainly looks set for another positive close... somewhere in the 18100s.
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Oil is still building a floor...
USO, daily2, rainbow
The sixth blue candle.... awaiting the first green... which seems highly likely within the next few days.
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VIX update from Mr T.
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time for a long lunch..... back at 2pm