12pm update - same old nonsense

Once again it has been a case of opening minor chop.. only to see the market resume higher. The sp'500 could break a new historic high for the fourth consecutive day. Metals remain weak, Gold -$5, whilst Oil continues to build powerful gains of 3.5%.


sp'60min

Summary

Little to add.. on what is just another day for the equity bulls... price action simply doesn't offer any real hope to the bears until at least mid June.

notable strength: BABA +3.3%.. as the momo chasers are starting to appear in force.

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VIX update from Mr T.



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time for lunch :)