R2K, daily
GLD, daily
Summary
*Metals are always interesting to keep an eye on, not least as another round of floor callers appeared this past weekend. Three years.. and they're still at it. Until a few of the bigger gold bug sites shut down... Mr Market has a fair few 'bugs to crush'.
--
Front month cash VIX is holding gains of 7%.. and yes.. as someone noted, the further out VIX is not rising much right now.
Even if equity bears do get a retrace in the near term... we're almost certainly not looking at a sustained move over 20.
To me, seems utterly pointless to get involved in any LONG vix instruments for the rest of the year. The only thing that'd change my mind would be a break back under sp'1900, and seriously... chances of that seem less than 0.01%
-
stay tuned
-
ps. Did you get the note on the TPS reports today?