sp'daily5
VIX'daily3
Summary
*note the daily MACD (blue bar histogram) equity cycle... on any fair basis, we're set to tick upward for another 3-4 days (at minimum).. and that takes us into early next week.
There seems zero reason for equity bears to be re-shorting ahead of the weekend.
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So.. we're higher, and yes the gains are again a little shaky.
Certainly, market still looks tired, and this is clearly just a bounce.
Even the cheerleaders on clown finance TV seem resigned that we ain't breaking new historic highs for many.... many months.
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notable weakness, Ford (F), -3.2% in the $12s....
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time for a little sun.. and to shop... back soon!
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10.31am.. Oil inventories: net build 230,000, minor.... but with giant increases in gasoline/distillates.
Oil is naturally -1.6%... and that is dragging the market moderately negative.
The sp'1901 low looks VERY secure though.... and I'm still guessing we close net higher... regardless of Oil.