Thursday 8 May 2014

12pm update - new historic highs.. imminent

US equities are continuing to build gains, with the Transports due to break a new historic high (>7774). The Dow/SP look set to follow with new highs, although the R2k/Nasdaq are way...way behind. VIX is crushed...slipping into the 12s.


Trans


Summary

With the 'old leader'...leading...I have to hold to my original bullish outlook, at least for a few more weeks.

*I bailed on RIG/SDRL at the open...seeking to drop CHK and DO within a few days.
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VIX update from Mr T.



--
time for more tea..on what is a somewhat good day :)


12.40pm.. NEW historic high on the Trans..7775..... Dow set to follow..probably this afternoon.