sp'60min
vix'60min
Summary
*hourly MACD cycle is set to go positive into this afternoon, and a break into the 1880s looks very likely.
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Watching Yellen..she sure is an interesting little character. I do believe she is sincere in what she says, although I certainly disagree with most of her policies.
A notable questioner this morning was Bernie Sanders, who highlighted a BBC posting on how the USA is now a political Oligarchy.
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VIX update from Mr T.
As for the 'crash protection' trade, I find it hard to imagine VIX in the upper 20s..never mind 30+.
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time for tea
12.19pm.. Dow +113pts..and looking especially strong...bull flag on the daily..with support at the 50dma.
Dow 16700/800s viable within days..at which point another tranche of bears will be waving white flags.