VIX continues to cool

With US equities seeing some minor chop across the day, the VIX remained in cooling mode, settling -1.9% @ 12.60 (intra low 12.50). Near term outlook is for continued equity upside, which should equate to VIX remaining within the 15/11 zone.


VIX'daily3

Summary

Little to add.

The US market remains broadly strong, VIX looks set to remain subdued for at least another month.. perhaps all the way into the FOMC of June 17'th... when a Fed rate rise remains 'just about possible'.
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more later.. on the indexes

Closing Brief

US equity indexes closed moderately mixed, sp -1.6pts @ 2104 (intra high 2111). The two leaders - Trans/R2K, settled u/c and -0.2% respectively. Near term outlook remains broadly bullish, with new historic highs due for all US indexes.. even the Nasdaq Comp'


sp'60min

Summary

*a touch of weakness in the closing hour, but still.. its micro noise.
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Little to add.

Lots of notable individual stock action - not least NFLX, +18% @ $562, but overall.... a market that is broadly still headed higher.

*I hold long-TWTR overnight.. seeking an exit in the $53s tomorrow.

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more later... on the VIX

3pm update - another day of gains

US equity indexes look set to hold minor gains into the close. VIX is reflecting a market that is increasingly confident as the summer looms, -2% in the 12.50s. Metals remain weak, Gold -$2. Oil has seen some sig' gains this afternoon, currently +1.1%.


sp'daily5

Summary

Well, once again it was a case of minor morning weakness... only to see a latter day recovery.

Whether you want to blame the algo-bots, numerous fed officials.. or simply 'maniacs buying NFLX.. and other nonsense'... this is no market for the bears.

*I hold TWTR-long into the close.. seeking the $53s tomorrow.

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I think the following sums up the equity bears since 2009.

Dead in the desert

It took me until summer 2013 to finally wave the white flag... yet I know many are still seeking a market crash to bizarrely low levels that make no sense to me.

I hold to what I said almost two years ago.. we'll never trade under sp'1500 EVER again.

Make of that... what you will.
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back at the close.