12pm update - powerful gains for the two leaders

US indexes are holding very significant gains. There is particular strength in the two leaders - Trans/R2K, higher by 2.0% and 2.8% respectively. Metals remain weak, Gold -$13, whilst the VIX is -10% in the 14s.


Trans, daily

R2K, daily

Summary

*certainly, the gain in the R2K is taking it close to what is some degree of resistance. Monthly charts are offering the 1250/75 zone by late March.
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VIX update from Mr T.



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time for tea.


12.20pm.. R2K now +3.1%...incredible!