11am update - new historic highs

The third consecutive day of upside, with the Dow and sp'500 breaking new historic highs.. there is little reason not to expect most other indexes to follow. VIX is in melt mode -5% in the 11s. Metals have turned moderately higher, Gold +$4.


sp'60min

Summary

So... new highs..and zero sign of a turn.
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Meanwhile, there is absolute carnage in the coal miners.... which is quite an achievement considering the declines since 2011.

ACI -5.7%.
BTU -5.1%
WLT -8.4%

Truly horrific multi-year declines, with ACI, ANR, and WLT all looking vulnerable to ending up on the pink sheets.. if not disappear entirely.
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*As things are, this looks a lousy place to get involved on the long side - in terms of the main indexes, so I'll stay on the sidelines. At worse.. it just keeps climbing, but at least I'm not short.