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.


sp'daily5

VIX, daily

Summary

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

*standing by for heavy snow in London city