Daily Wrap

Despite opening moderately weak, the equity bulls still managed another pair of historic index highs - sp'2077, and Dow 17937. The broader trend is still very much asserting itself... with Dow 18000s, and sp'2100s seemingly a given. VIX continues to cool.


Dow'daily

sp'daily5

Summary

Equity bears are still sporadically being teased with very minor intraday drops... only to swiftly reverse.

For those few doomer bears who are still out there... today was truly tiresome, and this is clearly no market to be meddling in.. at least on the short side.


VIX still melting lower...

VIX'daily3

The third consecutive daily decline for the VIX, and a weekly close in the 11s is probable, if Mr Market deems the monthly jobs data as a 'Goldilocks' number.
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Closing update from Riley

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A little more later (11pm EST)...