Thursday 17 January 2013

12pm update - market holding together

With the sp'500 now also above the mid-Sept' 2012 highs, a great deal of damage has been done to any mid-term bearish outlook. The Transports and Rus'2000 just keep on battling higher.


sp'daily5





VIX, daily



Summary

So we're holding around 1480, although the VIX is surprisingly holding the low 13s.
--

Time for lunch..

*standing by for heavy snow in London city