1pm update - market holding gains

The main indexes remain 'broadly' higher, although there is some weakness in the R2K and the Nasdaq, the latter no doubt affected by CSCO. Metals look vulnerable this afternoon, with Oil now higher by +0.4%. VIX is back in the red...hitting a new low of 12.29.


sp'60min

sp'weekly8

Summary

*I believe the VIX low this year was 11.05..so.we're still a fair way from reaching that.
--

The upper bol' on the weekly is now 1787..so..it will be VERY tough to hold the 1790s..at least this week. A weekly close in the 1800s is not really viable until late Nov/early Dec.

Weekly charts look strong. Clearly we're going to rollover within 'some weeks'... but probably not until Dec.

Zero point in trying to meddle on the index-short side.