2pm update - a contented market

The Yellen has managed to avoid saying anything that might have upset Mr Market, with equities remaining in minor chop mode. As things are, the sp'500 is set for a third consecutive net weekly gain of around 0.4%. With a strong USD, the metals and oil remain notably weak, Gold -$3, with Oil -1.7%.

sp'weekly

Summary

Well... market looks set for minor chop into the weekend. Little else to add.

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A stock I never mention.. SHAK...

 
A notable black-fail candle on the daily cycle. Having soared from the IPO price of $21... SHAK looks like it has maxed out this morning @ $96.75.

*not that I'd advocate shorting ANY of the momo stocks.. nor any of the IPOs. Overly risky.. whilst the broader market remains strong.

Still... SHAK will merit a little attention next week.