2pm update - VIX melting higher

The VIX jumped higher at the open, and continues to rise, now +6% in the 13.30s. However, there really isn't anything in the immediate term to suggest the market bull maniacs have anything to be concerned about. Metals remain weak, Gold -$10


vix'60min

Summary

I remain dismissive to todays gain in the VIX. Six percent of a small number, still only gives a low VIX..barely in the teens.

Later this week, if sp'1850/70s, then VIX will be in the 12/11s.
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Notable strength: STX

...headed much higher..eventually.