Friday 12 February 2016

12pm update - increasingly subdued

With sellside pressure exhausted, US equities have built significant gains, and look set to hold them into the long weekend. VIX is naturally in cooling mode, -7% in the 26s. Metals are similarly cooling from recent hyper gains, Gold -$9 in the $1230s. Oil is +11% in the $29s.


sp'daily5b



GLD, daily



Summary

Little to add.

We're clearly set for a net daily gain across all indexes, and that should setup further upside across next week.

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VIX update from Mr T.



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time for lunch