Hmmmm. The dow was up 300 points yesterday, the shorts bailed, the VIX dropped to below 15. And CMG, while up, did not impress. Hmmmmm.
For CMG, I'm gonna say hawk the volume.
For the broader markets, as always, watch the VIX. It has historically been lower, back in the day if you will, soooo, we could still see more upside followed by bad news of course, just to give the markets their pullbacks.
Whats Iran up to these days? Whatever happened to our "we don't negotiate with terrorist's" policy. Paky and Afgany are case in points. Oh well. That's OT here.
One has to have balls of steel to play this over earnings. But if Warren Buffet and Peter Lynch are right, and Wall Street behaves to the principals that it was founded on..... yeah, then I gotta say, $250 easy.