3pm update - quiet end to the day

US equities look set to trade quietly into the close. For some indexes, it will be the fifth day of consecutive gains, the rest...merely a touch lower. Notable strength in the Transports @ 8096. Metals remain weak, Gold -$7. VIX looks set for another close in the 11s.


sp'daily5

Summary

Sure, the daily charts are getting a little stretched, but hey...there is QE-pomo tomorrow of $3bn or so....and that will be enough to at least keep the sp'1900s into the weekend.
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Notable strength, TWTR, +9%.

The momo chasers are back..at least selectively.
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3.32pm... minor churn...and the TSLA/momo shorts are getting nuked...as it is now +10.4%..and looking set for much higher levels into June.

VIX in danger of closing red..although in the scheme of things, VIX is now meaningless at these levels.