12pm update - a daily close in the 1850s, yes?

With the bears having no downside power, the market is continue to broadly claw higher. A daily close in the sp'1850s looks probable, although it should be noted..even the 1860s are viable today. Metals are weak, Gold -$14.  Despite higher indexes, VIX is holding minor gains of 2-3%


sp'daily5

Summary

Equity bulls are just not getting any significant upside today, but hey..does it matter? Neither are the bears able to push lower, and we have a reasonable floor of 1840 in the immediate term.

Broadly, the upward trend...continues.


Notable movers

UGAZ -7%, and is making for a 3 day decline of around -30%, I guess it must be those green shoots of spring coming?

TSLA +4% in the $257s

As I noted yesterday..it is pure hysteria. Entertaining to watch, but I'll never meddle in.

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VIX update from Mr T



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time for tea!