1pm update - fiercely nasty market

Equities continue to build gains as Boehner has apparently conceded yet again. A daily close in the sp'1690s is not out of the question, and that would flip the weekly charts almost back to outright bullish. Metals remain weak, Gold -$8, whilst Oil is holding strong gains of 1.8%.


sp'daily5

vix'weekly

Summary

*such a major on the VIX weekly right now. If we close the week like that.. urghhh
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So...now we're going to have a six week can kick...and then what? Ohh, that's right, it will be Santa rally time. This remains one of the nastiest markets in history, and its a wonder there is anyone at all involved.

The momo stocks are all generally lurking around their daily 10MAs.

FB, daily

If Friday sees follow through to the upside..then new highs look likely, which makes a mockery of the last few days.