10am update - no downside power

Equities open with some minor mixed chop, but the underlying upward pressure remains. Equity bears lack any downside power, and we look to set to break into the 1850s...and keep pushing upward. VIX looks set to melt lower into the weekend.


sp'daily5

Summary

*awaiting home sales data at 10am
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There is little to add.

Arguably, bears should remain on the sidelines, and just let this play out until the next FOMC of March'19th.  Either that, or gods forbid...go long.


notable mover, UAL

...seeing follow through after another breakout