11am update - the spirit of the bull maniacs

US equities remain moderately lower, and despite ongoing weakness, it remains the case that the bull maniacs remain extremely confident.. with a fair few touting broad upside across the rest of the year. For the moment... nothing has changed since the key historic high of 2134 in May 2015.


sp'daily5

USO' daily2

Summary

*EIA report: net surplus of 2.8 million barrels.

USO saw a clear break of rising trend yesterday.. and in theory.. $10.00 is a valid target... and that is another 9% lower... which if correct... sure won't help US equities.

--
notable weakness... BA, daily

Another one of the key stocks I am following.. which have seen a key break of rising trend. Clearly, its going to take a sig' market upset just to drag BA back to the Feb' low of $102.10.