We have another gap up here. When are the overnight shorts going to learn. Probably when its time for brown things to hit the fan. I just can't picture this market going up like a moon shot to new highs unless its a terminal move in the long term trend. And odds are usually against a move being terminal because it only happens once every few years. I will play this like its a consolidation before we take another bath down to 1250. We could get there by May, but not before some tight range trading for the next 2 weeks.
This week looks to be boring, so I probably won't be posting much this week unless we see some volatility.
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With Brent near $120 and Apple holding back Nasdaq I suspect we have some vol in store this week.
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