As one smart CNBC chap argued "you've been paid to optimistic"...

But then again "ignorance is bliss"...

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Stocks rallied today.. because... oil... 

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As WTI Crude surged to a 15-month high today... 

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Just one question... what happens next? 

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Trannies and Small Caps were best as Nasdaq limped along unch hurt by Intel... 

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Something odd of note - 6 days in a row with a weak close and notice last 3 days a VIX push has not helped (some chatter about index ETF rebalancing questions on desks) 

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As "Most Shorted" stocks squeezed higher for the second day... 

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Two notable mini-flash-crashes in VIX today (and a broken market) got the S&P back above its 100DMA (2142) 

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The Dow also broke above its 100DMA (18,207)

The big news in bond land was the large Saudi issuance...

• *SAUDI ARABIA PRICES $17.5B BOND: 5Y +135, 10Y +165, 30Y +210

But it appears there was little rotation our of Treasuries or rate locks ahead of this...

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The USD Index managed to eke out a small gain (as AUD and CAD saw yuuge volatility intraday) 

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CAD swung around on oil's pump and dump and BoC's comments... 

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Gold and Silver gained despite some USD strength, Copper was flat and Crude pumped-n-dumped... 

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WTI broke above recent highs to 15 month highs but appears to have run stops and faded... 

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Gold rose for the 3rd day in a row (first time in 6 weeks) testing back above its 200DMA ($1272) 

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