12pm update - still weak

US equities remain weak on St. Patricks day (how could Yellen allow this?).. with an intra low of sp'2065. However.. so far, VIX is failing to show any real upside kick. Metals have resumed lower, Gold -$4, the $1130 low looks set to be taken out in the immediate term. Oil remains broadly weak, -1.7% in the $43s.


sp'60min

VIX'daily3

Summary

*tomorrow.. equity bears should be seeking a daily close in the VIX 17s.. to offer confidence that sp'2k is coming.
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So... we're still lower.. which (according to clown finance TV) would be the first net daily decline for St. Patricks day in 15yrs.

Overall.. its an interesting situation... with two bull flag FAILS.. ahead of the Wed' 2pm FOMC announcement.. and this time.. there will be a post Yellen press conf. Double trouble?

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VIX update from a somewhat green Mr T.



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time for tea