12pm update - higher and higher

US indexes continue to push to ever higher levels. The R2K is now approaching the zone where a H/S scenario will get dropped. There is simply no downside power, and with sig' QE-pomo tomorrow, equity bears face relentless problems.


sp'daily5

Summary

So...the week begins with algo-bot melt...and its just a case of grinding higher.

Yes, the VIX higher, but I am dismissive of such gains today.

With sig;' QE tomorrow, there is zero reason why anyone would be short this week.
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VIX update from Mr T.



--
time for a drink...a cold one.


12.09pm.. Watching clown TV.. guest Ezrati..end year target..sp'2200.

Everyone seems to be raising their targets with this latest wave.