sp'60min
Summary
The Monday low of sp'1815 is now looking a long way down, and all those touting the 1700s need to go stare at a monthly chart for the rest of this week.
VIX is broken, and looks set to remain low for at least a week or two...probably into the next FOMC of Jan'29
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Notable mover: TSLA
With the break into the 170s...its pretty clear now...new highs look very viable. So long as earnings are fine (due mid Feb), the $200s - unthinkable just a few days ago, now look possible.
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*keep in mind, we have the Fed beige book later (2pm)...and market could use that as the excuse to break new highs. A weekly close in the 1860s is just about viable.
10.07am... new historic highs on the R2K..and the Trans.
The two leaders are LEADING!...headline indexes to follow.
Lets see what all those touting the 1700s have to say about that..or maybe they're on radio silent mode again.