2pm update - afternoon chop

US equities are seeing a little chop, after the earlier break of key resistance @ sp'2111... with a new cycle high of 2118.. a mere 0.05% shy of a new historic high. Oil is cooling from the earlier gains, but stiil +2.9%. USD remains notably weak, in the process of breaking the upward trend from May'2014.


USO'15min

UUP, weekly

Summary

Suffice to say... equities look set for a net daily gain... with a VIX that reflects a market that is relatively happy with earnings.
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*I remain looking for an entry in Oil, via USO, and am watching the smaller 15/60min cycle..
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USD is arguably borderline break of trend... which is bullish broader market.. and esp' Oil.
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notable weakness, Alcoa (AA), -3.1%... resuming the downward trend.. headed for 10/9 this summer.
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2.25pm... typical turn/floor time of 2.30pm....

I am LONG oil, via USO from $19.85.. seeking the 21s.