12pm update - holding the gains

US indexes are holding moderate gains, with the sp'500, NYSE Comp, and R2K at historic highs. Metals are a touch weak, with Gold -$5. VIX is merely melting lower into the weekend, -2% or so, in the upper 13s.


sp'daily5

Summary

There is little to add, on what is just another day for the bull maniacs.

Simply put..bears have ZERO downside power, whilst there remains a pretty strong underlying bid. It'd look like the current wave (sub' 3, or whatever you want to call it), will last for much of next week.

For the moment, everyone is now bullish for March.  Where we close March though..that is another matter entirely. 
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VIX update from Mr T.



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time for tea.