Closing Brief

The main indexes closed in a very bullish manner, and it is impossible to project just how far this rally will go. On any outlook though, we'll probably see underlying momentum continue to strengthen for at least another 2-3 days.


Dow'60min

SP

Trans

Summary

Even though I touted 1460s a mere hour ago, I am somewhat surprised to see them.
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The Monday open of sp'1398 now looks a very long way down, and it took just 8 trading hours for what is a very significant 4.5% move

With the VIX smashed down to the 14s, the old bullish hysteria is back...but for how long?

More on that issue later...
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The usual bits and pieces across the evening.