12pm update - market churn

US equities are increasingly moving into a pre-holiday churn mode, with the sp' having set a new high of 2094. VIX has an intra floor of 14.79, but unless market falls into the Friday close, that low will be taken out. Metals are building gains, Gold +$7, with Silver +2.8%


sp'60min

VIX'60min

Summary

Little to add.

Market mood is one of confidence, with next to zero concern about the EU meeting resuming next Monday. US equities are highly vulnerable to opening in the sp'2100s next Tuesday.

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VIX update from Mr T. (due)

...seemingly not appearing today.
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Instead... lets see Mr Topstep.

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*I remain long VIX, but with a dead stop at 14.80... right now, I expect to be kicked before the close of today. There is no point holding if main market is going to grind higher into the sp'2125/50 zone into early March.

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time for lunch... back at 2pm
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VIX UPDATE from Mr P.


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