12pm update - Dow 16k..not long to wait

With the break into the Dow 15800s..that was a clear enough level to clarify 16k..and very probably 17k..by late spring 2014. Metals still look very weak. VIX has already broken into the 11s..and looks set for a weekly close there.


sp'daily5

vix'daily3

Summary

Just another day in market land..and with nothing to kick the market lower...we're just clawing our way inexorably higher.

What should really concern the bears is that next week is HEAVY QE-pomo, so any hope of even a 2% retracement...err..no. sp'1760 is the new floor.
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VIX update from Mr T.



Ahh..so TWTR options have appeared!
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time for tea :)