Closing Brief

An important day for the Dow index, breaking the historic Oct'2007 high. With the sp' breaking the recent 1530 high, the bulls are back in command, and we're set for a move to 1550/60 near term. The only issue is whether 1600s are hit, before a 10% wave lower.


sp'60min

Summary

 So..a new high for the Dow. The most bizarre aspect of it is how many in the ignorant mainstream actually think this means the economy is better.
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*I remain largely on the sidelines, but went long Silver earlier today.
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more later..on the VIX, Indexes..and other miscellaneous things!