3pm update - a week for the bulls

Regardless of the exact close (even a moderately negative one), it has been a week for the bull maniacs, with new highs in the sp'500, NYSE comp', and most notably.. the Nasdaq comp'. Near term outlook is bullish into next month... the giant monthly cycle will be offering the sp'2200s by late May.


sp'60min

Summary

Well, its been a long week.. and I'm getting tired...

All indexes at/close to highs.. with a VIX crushed in the low 12s.

Indeed, be mindful of a closing minutes hammer-whack in the VIX, which might result in a weekly close in the 11s.

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*Barring a bizarre spike higher into the close, I will hold long-oil across the weekend, seeking an exit in the WTIC $59/60 zone... but with broader upside target of 67/75 by July/August.

USO, 60min

Hourly MACD cycle is set to turn higher early Monday.
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3.02pm... notable weakness, TWTR -1.6%....  not sure why... maybe just minor concerns pre-earnings (next Tues, AH). I'd be surprised if TWTR is sustainably trading <$50 next Mon/Tue.