VIX'60min
Summary
*note the opening reversal candle in the VIX... they are usually to be taken quite seriously.
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With the Japanese Govt. confirming they are going to ramp up equity exposure - as part of the national pension fund... we're set to close with net monthly gains of around 1-2% for most indexes.
The actual monthly candles are all screaming bullish, with huge floor spikes... suggestive of upside into early 2015.
It would seem the sp'2100s are the natural target, and both Carboni, Riley... and no doubt some others, will be laughing themselves into the weekend.
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re: metals.
With the floor taken out... Gold is effectively in free fall. An all out crash wave is now underway, and that of course has deeply bearish implications for the miners.
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VIX update from Mr T.(date is again wrong, but it is today's)
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time to cook
12.22pm.. VIX creeping higher.. +2.1%... with sp' cooling to 2011
In the scheme of things...still very slight changes though.