2pm update - bulls flying into the weekend

US equity indexes are holding significant gains, with some indexes set for net weekly gains. The VIX has seen a clear break outside of the upward trend, set to settle in the 17.50/16.75 zone. Metals are increasingly weak, Gold -$3, whilst Oil -0.9%


sp'daily5

VIX'daily3

Summary

Little to add...

I would imagine many will be glad for the weekend.. after the dizzying intraday swings this week.

Broadly, it does look like the US market will battle upward into August... along with China. The real issue remains the possibility of more severe downside into Sept/Oct.

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Another warm.. and somewhat sunny day in the big city.

Bullish DAL/UAL into August

:)