10am update - the bounce continues

The market continues to rally, with the VIX breaking back into the 14s, a level not seen for a month. The 'holiday reversal' rally looks set to continue into early next week. Primary target zone for this wave'2 bounce remains sp'1410/25.


sp'daily5

VIX'daily

Summary

Santa opened the market this morning, and is now strolling around the floor of the NYSE.

That probably sums up all that needs to be said about this casino today.
--

I remain on the sidelines, no button hitting until early next week..at the earliest.

back at 12pm.