12pm update - holding the gains

US equities remain moderately higher, with new multi-year highs for the Dow, R2K, and Nasdaq Comp', although the sp'500 remains under the recent high of 2119. Metals remain broadly weak, Gold -$2.. impacting the miners, GDX -1.6%. Oil continues to build gains, +2.8%.


sp'daily5

Summary

For those still seeking a retrace, this remains tedious. The one good thing is that there are at least some scheduled events/data points this week to help generate at least a little price action.

*the break levels remain quite clear... sp'2100... along with VIX 14s.

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Notable weakness... BABA

BABA looks highly vulnerable to losing the key floor of $82.81.... after that.. its empty air down to the IPO price of $68.

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VIX update from Mr T.


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back at 1pm
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12.23pm.. interesting reversal underway.... with the R2K having lost a full 1%....

VIX 13.50s.... 14 remains the key threshold to watch for this afternoon.