12pm update - quiet Monday

There really isn't any clear direction today. Main indexes are flipping red/green/red..but its all minor noise. Dollar is flat - but holding last weeks big gains, with the metals showing a touch of weakness VIX has failed to hold the opening minor gains.


sp'daily5

vix'daily3

Summary

It really is a bit of a dull day. No reason to expect the rest of the day will be any different, although of course underlying bias is to the upside - via algo-bot melt, fuelled by POMO $.
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Perhaps tomorrow will offer something.
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I expect higher index levels by the end of the week, perhaps 1540s.. on perceived 'good' jobs data.

I'm sitting on the sidelines.

A major re-short around sp'1550/60 would be a far more 'comfortable' level.

back at 2pm.
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VIX UPDATE...