11am update - quiet weakness

US equity indexes remain moderately weak, sp -5pts @ 2065, but it sure is quiet out there. Despite another array of econ-data coming in broadly weak the market is holding together, but then.. bad news is often good news in this twisted market. Oil remains notably weak, -1.6% in the $42s.


sp'60min

USO'weekly2

Summary

*seen on the bigger weekly charts, you can see that with last weeks closing red candle, the bigger cycles are now back to outright bearish.
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Nothing much to add.

Net daily gains still seem somewhat probable... with a move into the sp'2080/90s, before first real opportunity of a retrace back to around the 2K threshold.

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notable strength (ahead of earnings).. AAPL +0.8% in the $116s.

time to shop.. .back soon.