sp'daily5
VIX'daily3
Summary
US equities opened a little higher, and battled upward. The Transports was the first to break a new historic high, with the R2K following, and then the sp'500. There a touch of afternoon cooling, but it does nothing to negate what was a very bullish day.
With equity strength, volatility was naturally subdued, with the VIX settling +3.0% in the upper 12s.
I will perhaps do a special post this weekend, but original target (which is never changed mid year... unlike some), is arguably back on the menu...
sp'monthly6
I'd agree that 3245 is a long way up. I'm not the only one touting that 'crazy talk' though. In the mainstream we have Tony Dywer of Canaccord see: Bloomberg. Less mainstream, we have Oscar Carboni, who has a year end ES target of 3258. The latter has interestingly had almost the exact same target as yours truly for the past two years.
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