Morning Post, SPX, S&P 500, e-mini

Tax law resolution makes the markets happy and the Europeans puss out on a bank run. That is a double doozie for stocks. Throw in a little magic POMO pixie dust and we may have another 25 point ramp today. Minis almost half way there already. Fear - what fear as /SI (silver) gets to $30.75 and /YG (gold) sits at 1432 (that was a joke). Like that little piggy that went we we we all the way home the markets are gleefully ramping and do not appear to want the party to stop. From the 1040 low my call has been spot on. Ramp to the announcement, euphoric pop, drop and now the ramp to the top is all that is left. After Xmas all bets are off. POMO to infinity is the play and the Fed has told all of us they will keep the markets afloat and use the markets to benefit all. I was originally thinking February for the top and still am, but may need to extend that to summer. Bottom line is we are in the last leg up. Question is does thi move end at 1283 or over 1300?

Pop n Drop? Don't know. the daily SPX and daily RUT are on two different planets. My 30m comparison chart is all bunched up. Maybe we need to see if the financials can catch up on the daily comparison before we get the next sell off. Divergences are obvious, but we saw the 30m divergences get abused 8 consecutive times in September. That was a 3rd wave and this is a 5th, so things should not be that extreme. As for now the Xmas ramp is on like Donkey Kong. Not sure what news is out there that can slow the bulls momo at this time. All we can do is wait and look for signals.

At this time I think this is 5 of 3 or possibly 1 of 5.

GL today.