sp'daily5
VIX'daily3
Summary
The equity market saw a little weakness today, and we remain stuck within what is a bear flag. The recent low of 2114 looks set to hold into end month. At best, a test of the 200dma in the 2070s seems very probable in the first half of November.
VIX remains broadly subdued, and it remains a struggle just to see the low teens. If sp' cools under 2100 in early November, VIX will likely see a brief move to the key 20 threshold.
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Fed/market/political chatter from Schiff
The first 10 minutes are financial... but it then ventures into all manner of societal/political chatter. Make of that... what you will.
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Update from Mr C.
... and I agree entirely with Oscar on Gold.
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With the USD pushing into the DXY 99s this morning, WTIC oil was under some further pressure.
WTIC, weekly
A net daily decline of -$0.56 (1.1%), at $49.96. Its notable that energy bulls can easily sustain the 48/47s without denting the rising support/trend from the Feb' low. Unless oil is trading under the Sept' low of $43.06, there is little to be bearish about.
Its ironic that Faber, aka, Dr Doom, was just recently issuing an upside target for oil in the $70s. If that happens, energy stocks.. and the broader market will be considerably higher by late spring/early summer 2017.
Goodnight from London