2pm update - melting upward

Equities have slipped into algo-bot melt mode, with new historic highs in the Dow and sp'500. Despite lower oil, Transports remain notably weak, -0.4%.. stuck under declining resistance of 8800. Metals remain weak, -$16, with Silver -3.1%. WTIC Oil is under USD pressure, -3.9% in the $58s.


sp'daily5

Trans, daily

Summary

Hmm... so.. new highs, but the 'old leader' is certainly not reflecting it.. and remains firmly stuck.

However, lets be clear.. if we see Trans breaking into the 8800s later this week, it'd indirectly suggest sp'2170s are due in mid June.
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notable weakness, GDX -3.1%.. as the metals remain significantly weak.