sp'weekly
Trans, weekly
Summary
*it won't take much to push the Trans' net higher for the week, and with two consecutive net weekly gains - with spike floors, it would bode for at least another week or two higher in the rest of the market.
--
Equity bulls will clearly struggle to turn the current weekly candle for the sp'500 positive by the Friday close, but there is still a rather clear spike floor of 1903 - a notable higher low.
All things considered, market should battle upward into the weekend, and across much of next week. The sp'2000 threshold looks a somewhat easy target.
--
Looking ahead
Friday will be all about the jobs data.. market is expecting net job gains of 223k, with a marginally lower headline jobless rate of 5.2%.
--
*I hold a micro AAPL-long position overnight, seeking an exit in the $112s before the holiday weekend.
Goodnight from London