Friday 23 May 2014

12pm update - Transports.. higher and higher

US equities continue to build gains, with new highs in the Transports. The sp/Dow look set to follow with new highs..whether late today..or next week, it really makes no difference. VIX is in melt mode, the next target is to break the March low of 11.05.


Trans, daily


Summary

Suffice to say, the strength in the Transports remains extraordinary, best case upside is probably somewhere around 8150/8250.
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VIX update from Mr T.



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time for lunch