Volatility fractionally higher

With US equities closing somewhat mixed, the VIX held onto fractional gains, settling +0.7% @ 12.11. Near term outlook is for the VIX to remain within the 14/10 zone. Across the week, the VIX declined by a rather significant -8.9%.


VIX'60min

VIX'daily3

VIX'weekly

Summary

Suffice to say, for the equity bears it was rather lame that the VIX didn't even make it to the gap zone in the 15s this week.

There looks to be little possibility of VIX 20s for some months.
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more later... on the indexes

Closing Brief

US equities closed somewhat mixed, sp -1pt @ 2010. The two leaders - Trans/R2K, settled lower by -0.5% and -1.1% respectively. Near term outlook is for continued broad market upside to the sp'2030s.


sp'60min

Summary

...and that concludes another bullish week in market land.

There really isn't much to add. We're continuing to broadly climb from the recent sp'1978 low, and look set for the 2020/25 zone early next week.. with 2030s by end month.

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*I hold long across the weekend, seeking the 2020/25 zone next Monday, with a broader target of the 2030s by end month.

Have good weekend.

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For those interested....

Over at Mt. doom in Iceland



Caldera continues to fall... eventually Bardarbunga still looks set to blow up.... although I guess many have been saying the same about the equity market for some years.

3pm update - quad-opex chop into the close

US equities remain somewhat mixed, although the smaller 5/15min cycles offer upside into the close. However, with a quad-opex, price action will likely be increasingly choppy into the weekly close. There are notable sig' declines in the R2K, -1.2%


sp'60min

Summary

Its been a long week... thank the gods...its almost the weekend!

*I remain long, but if we can jump to 2020 by the close, I will probably exit for a day-trade..and would just re-long again on Monday.

Regardless, the broader trend remains strongly higher.

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3.19pm.. market appears in slow melt mode..to the upside.

The 2018/20 zone remains viable by the close, but still... more likely early next Monday.

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3.35pm chop chop...2010 should hold....moderate chance of 2015/16.

On any basis though.. a week for the bulls.

Notable weakness: SDRL -7.1%.... an absolute train wreck for 3 solid weeks.. falling from $37s to $27s


3.50pm... CNBC... NFL crazie 'don't take me to an elevator'.

Hmm
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Holding LONG-index, across the weekend............

back at the close...