10am update - new highs, as expected

The sp'500 breaks a new historic high - confirming the Thursday new high in the Dow. Bulls have a reasonable chance of a weekly close in the sp'1820s, and this opens up the 1830/40s next week. Metals are bouncing, Gold +$6. VIX Is falling into the weekend, -6% in the low 13s.


sp'daily5

Dow'weekly

Summary

The strong close in the Dow..last month was more than enough to clarify the bigger picture.

We saw a very minor pull back..and with the taper uncertainty out of the way, this market now has a clear road to the upside.
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Notable strength: STX, +2.6% in the $53s..and this looks to be a $100 stock..within two years.

AMZN breaks $400...no doubt rising on Christmas sales..which will help it to lose more money!