Besides Commodities all lights seem on green. One could argue for the leading qualities of Energy here but we have to give the Bull the benefit of the doubt.
Mr. Market played the OPEX more aggressive on the bull side then we anticipated. If we can hold the breakout (S&P500: approx 1150) then we can expect a move to 1250 as a next stop.
On the other side the our friend the bull seems fairly exhausted as all people have allocated to the bull case, therefore we have our doubts about the bullish outlook.
A VIX below 17% this week was a dream come through for all Hedgies to load up the truck with PUT OPTIONS.
Mr Market has to stay above 1150 and get through the end of March......let's wait & see
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