Thursday 1 August 2013

3pm update - another day for the bull maniacs

The sp'500 looks set to close at a historic closing high, in the low 1700s. Most notable index though, Transports, up a rather astounding 3.3% in the upper 6600s. Oil remains super strong +2.5%, whilst precious metals are not needed in the 'new economy'.. Gold -$13


sp'60min3 - broad overview



Trans, daily


Summary

Transports indeed really pushing hard today.

Bears will need to carefully consider how high the tranny might go in the current wave, perhaps another 1.5% ?
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Regardless, no reason why we won't battle a bit higher into the close.

*I look forward to seeing what everyone else posts up this evening.  Are we all agreed.. 1720s...?