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.




*note the new cycle low of VIX 18.38, although its arguably a 'rogue print'.

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.

VIX update from Mr T.


Early morning update from Riley

time for lunch :)