11am update - a weekly VIX close in the 11s

With the sp' set for a close in the 1790/1805 zone, the VIX looks set for a weekly close in the 11s. Metals remain a touch weak, whilst Oil is +0.3%. Equity bulls remain in full control, in what is an almost entirely fearless market.


VIX'monthly

Summary

The point I've made a few times in recent months...this bizarrely tight range in the VIX could last a very long time. Just look back to 2005, VIX stayed low for over two years before the market started to see the first signs of trouble.
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Notable weakness in...

STX, daily

I'm not sure why its significantly lower, but it is still holding above the old resistance top in the $46s
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11.14am..and there are the VIX 11s.   I gotta wonder if single digit VIX in the current multi-month wave..by say..late March, and perhaps that will be a VIX low of the current 4 year rally.