Despite notable weakness in the Transports, the rest of the equity market is comfortably holding together, with slight gains. Precious metals continue to attempt to build further gains, Gold +$4. VIX is trying to break a 7 day run of declines, +3% in the low 14s.
*VIX sure doesn't look so good for the bears, does it?
A pretty quiet morning, and aside from the tranports, everything is behaving itself as expected.
A break into the sp'1860s looks very viable later this week, most especially on Thursday when we have heavy QE of $4-5bn. Friday is opex, so...that will likely just be a bit of a chop fest.
VIX update from a returning Mr T.
time for tea.