3pm update - a third day for the bulls

US equity indexes look set to close moderately higher for the third consecutive day. With the Fed' again issuing threats to delay rate rises.. and even QE4, the market is resuming higher. Metals remain weak, Gold -$6. Oil continues to build gains, +3.5%.


sp'daily5

VIX'60min

Summary

Little to add.

It will be a second daily close above the 50dma (sp'2074).. and with that.. there is simply no reason for anyone to still be clinging to any near term downside scenario.

Regardless of price action in the closing hour... bears saw another fail today... but then... you can't beat a central bank, right?
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3.18pm... ohh lookie...

Clown finance TV bring on someone from MS.. to talk sp'3K

.... another day closer.
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3.24pm... Ohh sure, indexes are weakening into the close, but we are going to see a second day above the 50dma.. 2073....

Meanwhile, fed official Powell is probably scripting another threat... for tomorrow morning's prepared remarks.

notable strength: TWTR, +2.9%... as minor takeover chatter continues.
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3.39pm.. Ohh the humanity.. sp'500 turns red.....   it must be time for another Fed threat.