12pm update - broader strength continues

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.


sp'daily5

vix'daily3

Summary

*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.