12pm update - holding moderate gains

US equities remain moderately higher, in what is day'7 of the wave from sp'1972... some 119pts (5.9%) lower. The R2K has put in a new historic high of 1215, next soft target is around 1250. VIX is in micro churn mode in the 14s. Energy remains weak, Nat' gas -1.3%, whilst Oil is -0.5%.


R2K, daily

USO, daily2, rainbow

Summary

*the 8th blue candle on the daily Oil/USO chart... building a floor... or churning a very large flag? I'm guessing Oil floored last week with a micro-double floor of USO $20.53/54.
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So.. a seventh day higher for most indexes... and there is little reason why this won't continue into early January.

Notable gains, GDX +2.8%... helped by another vain bounce in the metals, Gold +$20.

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VIX update from Mr T. (might appear)


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time to cook... back at 2pm