3pm update - another day of new highs

Regardless of the exact close, it has been just another day for the equity bull maniacs, with a new historic high of sp'2116. VIX is confirming the move, -5% in the lowly 13s. Metals remain broadly weak, Gold -$2, with Silver -0.3%. The R2K is notably 'fractionally' weak.


sp'60min

R2K, daily

Summary

*there is a touch of weakness in the second market leader - the R2K, although like most indexes.. it broke a new high today. As can be seen on the daily chart, even a brief retrace to the 50dma (1190s) will do nothing to negate what has been an important few months.
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Little to add.

Price action remains tedious algo-bot melt... micro/nano pull backs... only to then grind higher again.

For now, until sp' back under 2100... this is no market for the bears to even be watching.
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Notable weakness, oil/gas drillers, RIG -1.8%, SDRL -3.4%, both effectively destroyed since last summer.
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back at the close.