12pm update - chop chop

US equities continue to see mixed chop.. with a touch of weakness. A weekly close under the daily 10MA of sp'2030 looks viable, which would likely equate to VIX 15s. Metals are holding sig' gains of $12, having reversed from -$12. Weakening USD is no doubt helping.


R2k, daily

GLD ,daily

Summary

*R2K lead the way higher..and looks to be doing the same for the next (moderate) down wave. We're already under the daily 10MA, and due a bearish MACD cross at the Monday open
---

There is little else to add right now, on what is a relatively quiet end to the week. All the wild day to day swings of late Sept/early Oct' are now a fading memory.

At best, bears might see sp'1950 within 2-3 weeks, but really, that seems all that is viable.
-

VIX update from Mr T.


--
time for tea.... back at 2pm