The morning has seen some minor chop, but it should be clear... each little down cycle is being rather quickly negated. The bigger weekly/monthly cycles remain bullish to at least the sp'2040/60 zone. With the USD -0.3% in the DXY 94.90s, Gold is being pressured upward by $17 to the $1150s.
sp'60min
GLD, daily
Summary
This time last week the market had floored at sp'1893... and we're now 123pts (6.1%) higher... pretty wild huh?
As it is.. another 2% looks pretty easy given a week or two.
notable strength: AAPL +2% in the $111s.
airlines, UAL +7%, DAL, +2.8%
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time for lunch
