12pm update - moderate gains

The US equity market is holding moderate gains in the sp'2030s. It won't take much for a break above the 50dma... and once that is held over... the 2100s will finally be within range. Metals are cooling ahead of the ECB, Gold -$3. Oil is holding gains of 2.7% in the $47s.


sp'daily5

Summary

Little to add.. on what is merely the day before the Draghi.
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Notable strength, NFLX... jumping into the giant gap zone on better than expected earnings.

A black-fail daily candle... but for earnings... it can be dismissed. Equity bears never could break the April spike low... a move to the $500s seems likely.
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VIX update from Mr T.


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time for tea.. back 2pm