Monday 29 February 2016

12pm update - clawing upward

US equities are clawing upward, with a break above the baby bull flag. There is open air to the sp'1965/70 zone, along with VIX 18s. The precious metals remain moderately higher, Gold +$8, with Silver +0.7%. Oil is certainly helping the market mood, +2.0% in the $33s.


sp'60min



VIX'60min



Summary

*note the new cycle low of VIX 18.38, although its arguably a 'rogue print'.
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Suffice to add...for the more patient out there, its a case of sitting back for another 13 trading days (including today). A high at the next FOMC (March 16th) would seem a very natural outcome.
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VIX update from Mr T.

*no-show*

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Early morning update from Riley




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time for lunch :)