sp'60min
Trans, daily
Summary
*the strength in Oil is really helping the broader market, and as noted in yesterday's closing post, the bigger weekly cycle is offering the first bullish candle since last June.
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It is notable that the Transports are already holding sig' gains of around 1%... despite Oil continuing to rise.
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Well, for the serious 'bear money'.. we're now in white flag zone. Market mood is increasingly confident, not least with the various Fed' officials threatening QE4... as bizarre as that sounds.
There is the Greece issue of course, but from what I see, they'll somehow rustle up the funds to meet a Thursday payment to the IMF.
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notable strength: SDRL +5%.. which is seeing some sig' follow through after yesterday's strong gains.
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time to shop... back soon
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11.23am... Minor chop... sp'2085.. but still... with the Oil and the Transports rising... this is lousy morning for those in bear land.