3pm update - equity bulls battling back

The main indexes are clawing back upward. Most notable, the Transports, +0.7% @ 6964, the 7000s are now viable in the remainder of this week. Metals and Oil remain weak. If the indexes battle back into the sp'1750s, VIX will close red, again reflecting a market that has no concerns until next spring.


sp'60min

Trans, daily

Summary

Same old problem for the bears. Equity bulls should be content with any close in the 1750s.
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Notable mover: GOOG, +$23 @ $1030.  I'm not sure why though, but hey, it has great profit margins.
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3.34pm.. sp'1745, which really isn't far from the recent high. VIX is only 1.9% higher, a red close now looks somewhat unlikely, not that it matters.

GOOG +$25 @ 1032...pretty amazing to see, but then...$2000 would be a lot more 'amazing'...if market continues on the hyper-ramp path.