12pm update - a little cooling

US equities have cooled a little from the earlier high of sp'2112, but still.. equity bears should be seriously concerned until the market sees a complete fail.. back under the sp'2100 threshold - along with VIX 13s. For now... despite huge issues in giants like AAPL and DIS, the market just doesn't care.


sp'daily5

Summary

Little to add.
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notable weakness... Discovery.. having disappointed on earnings.

Yet another stock with a clear break of trend... as seen even better on the monthly cycle. Target is 25/22.

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VIX update from Mr T.



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time for tea.. or a bucket of sedatives.
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12.22pm... sp'2102... and that is starting to become a notable FAIL-spike

Hmm.. still, I can't be even remotely calm until we're under 2100... pref' with a net daily decline.. to solidify the third rally failure.