12pm update - chop ahead of the Fed minutes

Mr Market continues to hold moderate gains, with the sp'500 content to trade within the 1965/70 zone. There is a clear absense of any downside pressure, and if the market likes the press release from the Fed this afternoon, a daily close in the 1970s appears assured.


sp'60min

Summary

There isn't much to add. It remains a market that is comfortably holding together.

Volatility is back in melt mode.. and the 13s look unlikely in the immediate term..and thus.. NO break <sp'1959.
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VIX update from Mr T


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time for another icy drink... whilst watching clown finance TV (I try to limit my viewing, but the lunch time show can be kinda useful to watch), if only to see what stocks they are trying to pump!
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**Yes, I'm tinkering with the blog template...

comments are welcome.