11am update - new week, new highs

US equities continue to claw broadly higher, with new historic highs in the Sp'500 (2093), and the R2K (1220). VIX is holding moderate gains, but the 12/11s still look due in the current multi-week up wave. Oil is back to flat.. whilst Gold is on the slide, -$13.


sp'daily

GLD, daily

Summary

Little to add....

Notable strength: BAC +1%... in the low 18s... cruising to $20.. and beyond. 2015 will be the year for financials.

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time for an early lunch

10am update - opening chop

US equities open with some minor chop. The R2K continues to be very notable though, battling upward.. to a new historic high of 1220, near term upside looks to be the 1230s. Oil is holding minor gains, +0.4%. VIX opens higher by 11% to 16.14, but is rapidly cooling.


R2K, daily

VIX'daily3

Summary

*a notable opening black-fail candle on the VIX to begin the week. It does not bode well for anyone looking for sig' weakness into year end.
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Little to add.. on what will likely a rather quiet day... in what is just another holiday week.
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Notable weakness: GDX -1.5%, as the metals start to weaken, Gold -$7

Pre-Market Brief

Good morning. Futures are moderately lower, sp -6pts, we're set to open at 2082. Metals are a touch weak, Gold -$1. Oil is battling to claw away from the key low of $53.60... +0.7% in the $55s.


sp'daily5

Summary

Just 3 days left of the year...

Despite the likely open, there is still zero reason why the market won't continue broadly climbing across this shortened week. The sp'2100s look due.. if not the 2130/50 zone.
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*Greek MPs did not give Samaras the necessary support. A general election is now due in January. No doubt, that will rattle some in the EU.

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*notable early gains... oil/gas drillers, RIG/SDRL, both higher by over 1%.