2pm update - it remains sunny for the bull maniacs

Despite sporadic micro retraces, the US equity market continues to broadly push higher from the Feb'11th low of sp'1810, having now climbed 298pts (16.5%) across 48 trading days. It remains merely a case of whether a massive bullish breakout occurs... or an epic fail.


sp'daily5

VIX'daily3

Summary

*as things are, VIX is set to close lower for the seventh consecutive day.
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Little to add.. on what is just another bizarre day. Earnings continue to come in bad.. but hey.. expectations were set so low... the bad numbers are now seen as fine.
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Here in London city...

A very nice spring day, as the BREXIT vote (June 23rd) is another day closer.