12pm update - QE fuelled nonsense

The second sig' QE-pomo of this short week, is no doubt negating what little downside pressure there is. Even the R2K (persistently susceptible to weakness) is moderately higher. Metals are fractionally lower, but look very weak into June.


sp'daily5

Summary

I suppose if I stared at the sp'500 daily chart long enough, I'd almost want to short..except...

sp'weekly8b

On any basis..trying to short into that sort of multi-week up wave..is plain stupid. Even I can see that.
-

VIX update from Mr T



50 cent strikes...indeed, but I sure ain't buying. 
-
time for tea