Tuesday, 23 February 2016

12pm update - trying to floor

US equities remain broadly lower, with the sp' having slipped to 1922, with VIX 21.07. However, today's action does little to stall the rally/bounce from 1810. The sp'1950/60s still look very probable in the near term. Metals are catching a clear fear bid, with Gold +$15.




Unless I see VIX 24s, with a daily close <sp'1900, I still can't take any of this morning's price action seriously.

notable strength...

Cracker Barrel (CBRL), daily

I forget who first suggested I look at this one (Brelsa?), but Cracker Barrel sure looks strong. Is this where all the lower gasoline 'savings' are going from Mr US consumer?

VIX update from Mr T. 

time for lunch