Algos are eyeing new all-time highs for the third session in a row, a combination of low volume…

…and VIX’s continuing flirtation with its 200-DMA.

continued for members…Stocks continue to hold up well…

…driven primarily by a falling VIX… …a steadily rising USDJPY… …and steadily rising CL.

Note that GC and SI are still eeking out tiny gains… …perhaps contributing flow to BTC, which has broken above a little TL (show in red) and seen a bullish 10/20 cross. If it cross holds, it should see BTC complete its backtest at intersection of the blue channel and SMA100 at around 55,000.

The 10Y continues to tread water, still holding below 1.5%.

Bottom line, the entire market continues to remain stable enough – apparently dedicated to getting to Jan 1 without a selloff. After the new year, with fresh reports on omicron in hand, stocks are more likely to finally correct.

I’ll be posting brief updates all week while working on a new big picture update for 2022. GLTA.