Closing Brief

A very strong day for the bulls. They got the follow-through they desperately needed. Although its improtant to note we are still yet to break out of the danger zone. Only a few closes above 1405/10 can the bulls start to feel confident again.

Sp'60min

VIX'60min

Summary

VIX closed very poorly for the bears, arguably the last line is 16.75 tomorrow/Friday.

SP' closed at what many would call overbought..but we can still get one or two more up days before we need to level out for a few days.

*GOOG earnings were slightly better than expected, they are also doing a 2 for 1 stock split.

Much more later...especially on the Metals, and the bigger cycles on the indexes.