12pm update - Santa's closing hour

US equities are set for further nano scale chop into the early 1pm close, but certainly... leaning on the upside. All equity indexes are set for very significant weekly gains of around 2.5-3.0%. Considering price structure across the last 8 weeks... a break to new historic highs (sp'2134) looks more likely than not.


sp'60min

sp'weekly1b

Summary

Not surprisingly.. price action remains very subdued, but with the daily/weekly cycles all pushing upward.. the underlying pressure remains to the upside.
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notable movers...

airlines, DAL +1.5%, UAL +3.2%
miners, GDX +2.1%, a Gold builds gains of $7
tech, QCOM, +1.3%.. although the stock remains broadly weak

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VIX update from Mr T ..  due

*seemingly a no-show... not that I can blame him.


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time for tea :)