12pm update - patiently waiting

The main indexes remain in chop mode, ahead of the weekend. There is very little reason for the bears to be getting involved right now. The bulls look set for further moderate gains next week, into a key target zone of 1675/85 or so. Precious metals are continuing their multi-week 'bounce'.


sp'60min

Summary

A quiet end to the week...probably a good thing.

With $3bn of QE this morning, I'm still inclined to believe the bulls will manage to push the market higher into the Friday close.

Regardless, I ain't getting involved.
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VIX update from Mr T.



time for lunch !