12pm update - equities building gains

US indexes are building gains, after a brief minor early retrace. It would seem that the down trend from 1897 has recently concluded at sp'1814, and new index highs (at least for some indexes) are likely in May. VIX remains naturally weak, -6% in the mid 14s.


sp'60min

Summary

So, we're on our way up again. What else is there to say?

I remain on the sideslines, not least with am unstable computer that I'd like to start kicking around the room.

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VIX update from Mr T.


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time for a glass of something cold.

..the cold tears of broken bear dreams?   urghh


12.31pm.... bears getting ground down to dust again....a daily close in the 1860s..whether today or tomorrow...seems a given.