New high

Too easy for the SPX to fail here. Also too easy for the SPX to fail immediately after making a new high. Two pieces caught our attention today

o C (citigroup) trading >200M shares in the pre-market. This is greed taking over. Chasing is going on all right.
o The greek minister saying everything is over and greece is an isolated case. When it is officially denied problems are officially confirmed.

This is just a matter of time now. Price objectives will be met with new highs. We are sure will see a Put call ratio of less than 0.55. We will initiate our first short position then.