2pm update - gains for the weekend

Market is holding moderate gains on most indexes, with the VIX now slightly red. Precious metals and Oil continue to increasingly look like they have floored - at least in the immediate term. Transports is set to close the week around 2 - 2.5% higher, other indexes, around 1%


sp'60min

Summary

Very quiet afternoon, which of course are the conditions in which the algo-bots thrive...to melt it all higher.

*no QE-pomo next Monday, but there are big ones on Tuesday and Friday (opex). Bears beware!

As ever, full details : POMO schedule 
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VIX daily looks just another bear flag is setting up...

Nothing good there for the bears for next week.


UPDATE 2.16pm.. Oil starting to rip to the upside, and is now well above my 'best hope' for the close. Very impressed, and the 35s now look viable next Tuesday.

2.30pm..stopped out of USO @ 34.20. Decided the gains were so good, might as well look to close out for a day trade. Will look to re-long on Monday!

back at 3pm