12pm update - the pomo can only be helping

US equities continue to build gains, with the sp' decisively in new territory, and there is no doubt today's QE-pomo of $2-3bn is helping give an extra kick. Metals are similarly higher, with Gold +$14.  VIX is merely melting lower, with a daily close likely in the 13s.


sp'daily5

R2K, daily

Summary

*I highlight the R2K, since its also about to break new historic highs. Trans, will surely follow later this week.
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What else to say?

Well, we're simply on track. A key high around the next FOMC remains the target.
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VIX update from Mr T.



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time for tea.
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12.08pm...lots of chatter about Nat' Gas....is that it for the winter?

UGAZ -13%...which is a severe swing from earlier 7% gains.