sp'daily5
Summary
Indeed, with low holiday volume, there is now zero possibility of <1600 this side of July'4..
Its just another pathetic bear failure.
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Reading around, its kinda laughable how much bearish hysteria is out there.
As I keep saying, despite the chatter, QE continues..IN FULL. Until that stops, the default trade is still on the long side.
VIX update from Mr T
Customers moving into Aug/Sept. July calls..pointless.
12.25pm..well, bulls have failed on another attempt to break/hold above the 50 day MA.
Hmm, a long afternoon ahead though.
Baring a close <1610, I won't be the least bit confident about tomorrow/Friday.