ONION PEELED ON US FACTORY ORDERS

U.S. Factory Orders Rose 2.9% in May; Ex-Trans. Fell 0.1%
July 5 (Bloomberg) -- U.S. factory orders increased in May by the most in a year, mainly due to a surge in bookings for commercial aircraft. Demand for business equipment declined for a third month in four.
Factories received 2.9 percent more orders during the month, the Commerce Department said today in Washington. The rise followed a 0.7 percent increase in April. Excluding transportation equipment, orders declined 0.1 percent after decreasing 0.4 percent.

New high for the move in FTSE not confirmed by RSI or MACD showing slight BEARISH divergence (lower highs), could be close to a top.

European markets opened higher, so I imagine we get some green before 10 AM data on services.

LOOK at GROSS divergence in RSI and MACD on the important indicator , the SPX/VIX ratio even to a layman is NOT poised at beginning of an uptrend, but historically speaking putting the finishing touches which will turn out to be an excellent indicator of a MAJOR TOP being put in place. IMHO

BWDIK?

Duratek

D