12pm update - battling it out

Equity bulls are battling hard for a daily close above the opening high of sp'1884. Hourly cycles are set to go positive cycle late today/early Friday..so the bulls maniacs certainly have things in their favour. Metals are holding the opening reversal gains, Gold +$5, but still..a little shaky.


sp'60min

Summary

*busy morning so far..its a battle just to keep up with the comments/email....but always good to hear from you...regardless of bullish..or bearish.
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VIX update from Mr T.


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time for ..tea.


12.22pm.. minor chop continues..but with underlying upward pressure.

Notable strength: RIG +2.5% in the mid $42s..which is very pleasing to yours truly.