1pm update - more of the same

US equities remain somewhat mixed, but with notable sig' declines of -1.5% in the Transports. Broad price action remains bullish.. as the smaller 15/60min cycles are reset from overbought. New historic highs for the sp'500 and Dow look due within days.


sp'60min

Trans, daily

Summary

*notable new fractional historic high in the R2K, and it is interesting to see increasing chatter of R2K 1300/400s.
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Little to add.. on what is a quiet Monday.

We do have CPI data tomorrow morning.. and that could give the excuse for new sp/Dow highs.
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Notable weakness, airlines, DAL -1.5%, UAL -2.0%