12pm update - new cycle high

US equities remain significantly higher, with a clear break above the recent high of sp'1962. The door is now wide open to the 1980/90s by the Friday close. VIX is naturally in strong cooling mode, -10% in the 18.40s, the 17/16s look due by Friday.


sp'60min

VIX'daily3

Summary

Well, for those still resolutely holding short... another two weeks of pain to go.

Where we max out.. difficult to say, but clearly, the 2K is likely to be hit by mid March.

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VIX update from Mr T.   due

*seemingly.. another no-show*

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time for lunch