The market had been weak at the open but has recovered and is hitting fresh session highs....It seems everyday really is an up day in the land of perfect.
It would appear the markets have entered a utopia, and we are witnessing a forever bull market. The only chance of becoming a millionaire is to hold your nose and buy. No need to wait for a pull back, because the next day will mean new all time highs. Everyone will soon be millionaires thanks to the free money train the FOMC is driving.
Fresh news highs... u·to·pi·a /yo͞oˈtōpēə/ noun noun: utopia; plural noun: utopias an imagined place or state of things in which everything is perfect.
Just another magic Monday....Its pretty regular for the VIX to gap up 5.00% on Monday, as long as the market is in a strong uptrend. Its to keep the VIX from going to zero. I matters not if the index futures are up 1.00% at the cash open. Ive witnessed this for several decades. Bottom line if the stock indexes have a strong up week, be certain the VIX is going to open up on Monday.