3pm update - net weekly gains

The sp'500, along with most other main equity indexes, looks set for a moderate net weekly gain. The Wednesday low of 2067 is already a full 2% lower, with the door open to first target of the 2140s before end month. Metals continue to look vulnerable, Gold +$5, whilst Oil is +0.9%.


sp'weekly

GLD, daily

Summary

*I am short Gold via GLD, will hold across the weekend
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It has been a bit of a rough week for many I think.. not just the bears.. but certainly the bulls who were a little spooked this Wednesday.

Yet... here we are again, a Goldilocks jobs number.. and the week is set to result in a net gain. Pretty incredible.. if not understandably seen by many as... moderately sickening.
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3.28pm... Regular readers will know how I often highlight the 2.30pm turn....

V, 5min

An interesting time for talk of Visa to buy Visa Europe to appear.

*Visa is a Dow stock of course.. so.. that is helping give the Dow an extra push upward into the weekend.
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back at the close... to wrap up the week