My first stop each morning,Finviz, is mostly a sea of green except for lumber. I guess no one is building homes amid all this reflation.
Meanwhile, forget gold. The bull run is on in silver. The strong possibility exists for a parabolic rise to $50. The fever has hit, and no asset gets the fever like silver. There aren't any Hunt brothers this time around to provide a hook or a reason why. Just the hearts and minds of the general public.
I made what felt like a risky trade yesterday (EVERY long trade feels risky in this market), buying the .786% intraday retracement on the S&P futures using SPY 134 calls. Futures are up 8.50 this morning and I will take a bunch off the table at the open, leaving a few runners for a possible run over the highs. Today could be the day that the S&P gets in gear and confirms the Dow by getting over 1344.07.
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