12pm update - new highs

The main market is holding onto moderate gains, and we're now a mere 3pts from a break into the target area of the sp'1570s. VIX is a little lower, back in the 12s. Oil is again higher, whilst the precious metals are again weak, despite a lower dollar.


sp'60min

vix'60min

Summary

Not much to say, but the hourly cycles are probably going to churn for much of the day now.

Bears haven't any real hope of a red close, on a 5bn POMO day.
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*precious metals remains weak, although its nothing 'significant'. yet.

VIX update from Mr T.




back at 2pm