What a day, I was watching futures surging last night I knew something big was happening today, I posted on twitter that I was thinking we might gap up today, and look what we did broke 1000 finally on the SPX closing above 1000 for the first time since November of last year. Vix has been in the positive range for the most part of the day and but closed in red at the end. So my intermediate target of 1200 on the SPX should stand. And yes we are overbought and there is many divergences and gap to be filled, but the market just don't care, the fed is been injecting so much money they absolutely will not let the market to tank again. Crude also made a good run today going as high as 72+ and closing lower around 71. $USD got hammered today with another big drop, which is good for the market.
My new watchlist: AEZS(waiting for trial result, nice uptrend), CGA(massive run still have steam left), CAAS( China auto)chart break out, RINO( 20 dollars target), DAN, CNO, KONG(break out run), SWSI (oil play)
End the day with institutional buying chart.
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