Bulls Pushing with Horns, on all four feet, with Tail up in air and Snorts coming out of Nostrils

Today last 10 minutes was one heck of a move. There are lots of people are still skeptical of this move up. But ultimately they all come back after denial. There was lot of despondency set in when the Head and Shoulders pattern came back and tilted the market in bears favor but since then the H/S pattern has been negated but people are still living in fear.

I still think this is Trader's market till we really see some of the other indicators like VIX turn positive. The VX futures ( Nov, Dec, Jan) all flatten out and get rid of their bearish posture.  If you study the sentiment cycle then after despondency, hope, relief and optimism sets in.. With today's move, that might tilt the investor psychology towards that optimist mode.

With that said, I am long in some of the ETF that are really outperforming. EEM, SOXL and SPY.

Link to the Portfolio:
http://preview.tinyurl.com/3sqdvxz




Keep any eye on signs of pullback. If market is for real, then it will and should have the classic pullback pattern.  The sector leadership was terrific as we always expect when a bull move starts, You want Banks, Brokers and Transports to be your leaders while Bonds, Utils and Consumer discretionary should be lagging the market.