Business As Usual

The news about the US tax deal does not change anything in my view. We are that much closer now to the end of a move than the beginning of it. Europe is well higher across the board without tax cuts. The market has broken out about the triangle shown in yesterday's chart. Thrusts out of triangles are usually sharp. I'll be active in the VIX today below its 2 std. deviation band, mostly using options, and am adding to a tranche of SH against SPY 123 calls.