2pm update - powerful gains

US equities are higher for the fourth consecutive day, and these are now significant gains, price action is powerfully bullish, with a VIX -6% in the low 14s. With the weekly index cycles confirming a broader turn, equity bears look toast until mid/late March at the earliest.


sp'daily5

Summary

So...the 50 day MA has been decisively broken, and we're barely 30pts from new historic highs. Such a powerful 4 day ramp. Clown finance TV say its the strongest ramp since late 2011.

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Something I am watching...

IRBT, 60min

A new historic high...there will be a fair bit of chatter in the finance sphere after the close about that one.
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