No joke, this fool(Bull) is different.

It is hard to say that the third time is a charm, because the market had so many false starts in the past several months, I lost the count as how many times the bull attempted to rally.  Will this beginning of the quarter rally fall flat to its face just like last ones?

To begin with, the day is a strong day.  Just look at the xlf (7%), xhb(8%), smh(3.5) and qqqq (4.2%).  The volumn swelled across the board.  With such strong showing from financial, housing and technology, there is no question that the bull is in firm control.  Unlike last week, when market was trading down in a reduced volumn,  VIX dropped sharply, it basically means less volatility is expected and thus less fear, translation, we may see more convictions from market participants.   so, we may see less zig-zag and more trending.

All major indexes pierced throuh their 50 day MA with such ease, it makes it believable that the resistance has finally been broken.   If we can hold and follow through within next fews day, We can say hello to the light at the other end of the tunnel and "sayunara" to the darkness.

What more impress is that the day come with no significant news from FED or Government.(this reminds me of Benake will speak tomorrow, hopefully, he can keep his mouth shut ).  the fact that this follows some low volumn selling days last week  proves that the market has worked out trouble spots all by themslves.  Or, in another world, this has been the conspiracy of the bull for the whole week.

The stronger dollar and lower commodity price helped too.   and TLT was down too, reverse the trend of fleeing to safety.

All in all, today's rally is different in its magnitute and its contents, hopefully, its lasting effect will be different too

Want trade yen?  you do not have to open a FOREX account to accomplish that, just trade FXY, and lately, short FXY makes a good trade..

good luck