US equities closed higher for a second consecutive day, sp +10pts @ 2106 . The two leaders - Trans/R2K, settled higher by 0.1% and 0.8% respectively. Near term outlook remains bullish, with the sp'2130/40s viable within the next few weeks. Equity bears have little realistic hope until at least mid May.
*notable new historic highs in the R2K, NYSE comp'
... an interesting day, with a rather large number of individual dynamic movers... in particular...
Oil/gas drillers, RIG, SDRL
Copper miners, FCX, TCK
Broadly.. market looks set for a weekly close in the sp'2120s.. and continue climbing into May.
*I exited INTC (long) in the early morning.... picked up TWTR (long).. in the afternoon.
4.10pm.. NFLX earnings: ... missed, EPS 38 cents vs expected 69. However, subscriber numbers were good.
Stock soaring to new historic highs...
*a likely stock split looks due... a 5 for 1? That will at least make the option calls more tradeable!
more later.. on the VIX