11am update - no sign of it ending

Another new high..and there remains no sign of this ramp ending. With the move to1518, that's a good 120pts in a mere 6 trading weeks. Only another 482pts until the big 2000. Dollar is a touch weaker, with the metals a touch higher.


sp'daily5

vix'daily3

Summary

The failure of the VIX to even hit the 15s is a real sign of the sheer power of this rally. Single digit VIX seems a very real likelihood by the late spring..when those green shoots will be covering everything.

For the 'its a wedge' crowd, I guess they're still hanging on, but really, they need to spend a few hours staring at those Transports/Rus'2000 monthly charts.

Ohh, and then there is the matter of the POMO $.