2pm update - underlying strength

The US market is again showing its underlying strength, with the sp'500 even threatening a close in the 1850s, which would no doubt utterly dismay the bears. Metals remain weak, Gold -$11, whilst Oil is again trying to re-build earlier gains, +0.7%.


sp'daily5

Summary

With two hours to go, there is plenty of time for the bulls to smite the bears, with a daily close in the 1850s.

Regardless though, the Trans/R2K have already put in new historic highs, so it really doesn't matter if the headline indexes follow today, or not until later in the week.
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Notable strength in tech giant AAPL...a daily close in the 550s now looks viable.

stay tuned!