12pm update - on the edge

US equities remain moderately higher. Most notable remains the Dow'30 index, which has now come within a single point of breaking the critical Nov' high of 17977. Any price action >18K would be highly suggestive that the unthinkable is going to happen. VIX is entirely reflective of ZERO market concern.


Dow'daily

VIX'daily3

Summary

Little to add, on what is truly a day of utter bullshit.

Not only did we see the market only fall by -0.6%.. as Oil imploded by -6% overnight... but it only took the market 30mins to turn positive.

For those as pissed as I am....   maybe take the rest of the day off.

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*yours truly is still holding short, but I'm beyond tired. Its not even about the $ loss, more so.. about that increasing likelihood that the equity bull maniacs are about to take full control, and then take the market massively higher.
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back later