12pm update - another higher high

Despite the very quiet market...sp'500 has again pushed to a marginally higher high. All momentum remains with the bulls, and with the Fed fuelling this market with 45bn a month of POMO, why does anyone think its going to stop?


sp'daily5

vix'daily3

Summary

So..not much going on.

Metals off their earlier lows..as expected. I got stopped out at 29.80, and I'm pleased with that exit.  I might re-short silver later today, depends on price action...and my mood.

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updates..as necessary

time for lunch!
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VIX update..from Mr T.




VIX remains very low, and indeed, someone picked up a 'lottery ticket' VIX call block in the June 35s.

back at 2pm