Thanks to the miracle of VIX slamming, USDJPY-stop-running, CBOE breaking, US equity market opening, “we’re not worried about no stinking Ukraine civil war or Chinese economic collapse”, low volume levitation, stocks knee-jerked off early dumping lows to recover comfortably into the green today. Not everything was exuberant though (as Trannies and the Russell 2000 ended red – bouncing once again off its 200DMA). Gold gained almost 1% today (back over $1310) for its best 2-days since January. The USD closed unch (with notable weakness in SEK).