sp'daily5
VIX'daily3
Summary
US equities opened in minor chop mode, but soon leaned back upward, with new hist' highs in the sp', dow, and the Nasdaq comp'. On any basis... it was just another bullish day. Its pretty incredible - even to me, that my year end target has now come within 90pts (3.5%) of being hit, and we've still around 8 trading weeks left of the year.
Volatility stayed positive across the day, but whether VIX 8s, 9s, or 10s... its all noise at these lowly levels. Any price action >12.50 looks out of range for some time, unless a sporadic 'spooky news' story.
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| Bullish November skies. |
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Goodnight from London
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