12pm update - bullish sunshine ahead of Yellen

US equity indexes remain choppy, with underlying pressure leaning a little to the upside. Clearly, the market is awaiting a press release of the Yellen testimony (tomorrow @ 10am).. and then to see how the CEO of print central copes with answering any questions about whether bio-tech stocks are now a good buy.


sp'60min

VIX'60min

Summary

*note the opening black-fail candle in the VIX.. which so far is marking a short term top.
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Little to add.

Equity price action is increasingly narrow chop.. a flat daily close seems probable.
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Here in the London city....

A rather good afternoon for February, and there will be no concerns of water shortages this summer. Is that bullish for utilities?

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VIX update from Mr T. 



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time for lunch