sp'daily5
VIX'daily3
Summary
US equities opened moderately higher, and built broad gains into the afternoon. There was a quartet of new index hist' highs in the sp'500, nasdaq comp', dow, and r2K. Market volatility was naturally ground lower, with the VIX settling lower for a fourth consecutive day in the mid 9s.
The original year end target of 2683...
Today's high of 2601 was just 82pts (3.2%) shy of my original target, a number that was derided by everyone at the start of the year.
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The real irony of today was Goldman...
If commodities break upward (look for CRB >197s), then 3k will be seen within spring 2018. But hey, few want to hear that.
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Extra charts in AH (usually around 7pm EST) @ https://twitter.com/permabear_uk
Goodnight from London
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