Thursday, 17 January 2013

12pm update - market holding together

With the sp'500 now also above the mid-Sept' 2012 highs, a great deal of damage has been done to any mid-term bearish outlook. The Transports and Rus'2000 just keep on battling higher.


VIX, daily


So we're holding around 1480, although the VIX is surprisingly holding the low 13s.

Time for lunch..

*standing by for heavy snow in London city