Welcome Back!

Things are flowing nicely on the equities front – I’m pumped and ready to strangle hobby bears and top callers in their beds. Seriously – five years and counting – you guys never learn. It’s just too much fun to keep kicking you in your collective nuts and watch the painful expression on your faces. Ergo it’s been a merciless advance on the equities side and if my eyes aren’t fooling me then we’re going to paint an eight consecutive higher high today.

Eight higher highs? Seriously? Boy, that’s a nasty squeeze and anyone betting against the trend this morning is going to feel it in the loins tonight. We are now back in that dreaded trading region we all loved to hate so much all January. Great – let’s hope we push through that bitch or reverse – I wouldn’t want to relive that dreaded price action.

So yes, I expected a slightly lower close for today but we had short term support watching our back. The 100-hour was there to catch the early morning sell-off – almost down the tick. Some of you used that as a base for running it higher – good work guys! Now this dip lower is actually bullish as it establishes precedence (i.e. context) for when we finally get a little correlation.

Setups – of course – the Mole’s got you covered. We’ve got goodies on the future side today. Please step into my lair:

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Cheers,