3pm update - a week for the bulls

US equity indexes look set for a net weekly gain, with an sp'500 close in the 2100s. VIX is reflecting underlying market confidence, -2.7% in the 12.70s. Metals are holding gains, Gold +$10. Oil is +2.0%... although price structure is arguably still bearish for Monday.


sp'weekly

USO,60min

Summary

*Oil remains a tempting long... but not at this price. I'll let that one slip into next week, maybe it'll drop early Monday.
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A week for equity bulls.... there is little else to be said.
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notable strength: GE +10.2%, as people start to fully realise 'omg... underlying bid into 2018'.