10am update - Green shoots

Good morning. The Dow breaks a new historic high, and naturally, the clown finance TV cheer leaders are celebrating. More importantly, the sp' takes out the recent 1530 high..and we're now well on the way to 1550/60s. VIX is confirming the move. US $ lower, taking the pressure off Oil and precious metals.


Dow' monthly

sp'daily5

vix'daily3

Summary

Well, the Dow finally breaks the 2007 high. I'm guessing we'll close in the 14200s..and proceed to 14500/600 at least.

The only issue is whether it will just keep going into April..and beyond. We should know from the price action..in late March/early April.
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SLV, daily

Silver and Gold are trying to break their near term down trends. With the $ index rolling over - and likely to decline for 1-2 weeks, metals, oil, and the main equity market looks set to be pressured UP.

back at 12pm