12pm update - do you see a pattern?

The main indexes are holding moderate gains, with Dow 16k, Sp' 1800s, and the Nasdaq due to hit the 4000 psy level. Metals are unraveling, with Gold -$13, and Silver -1.7%. There is a second QE due today..and another sig' QE tomorrow. Equity bears...haven't a hope.


sp'monthly8 - QE periods

GLD, daily

Summary

It remains the case that whilst the Fed is throwing $85bn a month at the US capital markets...the broad  trend will generally remain to the upside.

On what is a sleepy Monday...I think the following puts things into the.correct perspective

Do you see a pattern?



Can you resist the cookie.......I mean...not shorting on QE day?
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VIX update from Mr T.



Ahh, so VIX opex is at the Wednesday open.  Indeed, market to rally into the FOMC minutes, Wed'2pm..and then a micro sell down..if only 1.5% or so.

time for tea :)
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12.29pm.. Metals..and the momo stocks remain very weak.. with Gold -$16.... FB -4%, TSLA -7%.

Certainly..this Monday is infinately better than last Monday!