The main indexes are powering ever higher. No doubt another set of short-stops just got taken out, and those bears shorting yesterdays jump have just got nailed. Precious metals remain weak, Oil has recovered to flat (from 2% down), whilst the VIX is +4%..as people seek protection.
The R2K is just 8pts away from the hugely important 1000 level. No doubt it'll get there...and then the 1100s..perhaps 1200s before the current hyper-wave is done.
*I got stopped out of USO earlier for a reasonable gain. I am just concerned about holding overnight, and the daily chart is still ticking lower.
I will seek to go long USO again tomorrow morning.