12pm update - Transports in the 6500s

The old leader breaks another new high, and is now trading in the 6500s. This is now less than 700pts from my 'best bull case'. At this rate, we'll hit the 7200s by late June, crazy! Precious metals remain weak, but Oil is recovering from the earlier decline of 2%.


Trans, daily

USO'60min

Summary

Another day of new index highs.

I have to ask, does it take 1000 POMO days for the bears to realise its pointless?

Or 10000 POMO days?

I'm starting to again think most of the remaining bears won't ever accept what continues to happen almost every day.
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*I remain long Oil (via USO), first upside target are the 33.40s. A close above that would bode for much higher levels in the coming days.


VIX update



time for lunch

12.45pm...stopped out of USO...oh well, that'll do for today.