Yesterday, the market rallied into the close even as the clock moved closer to a deadline that could have resulted in massive devastation of Iran’s power systems.

The market hasn’t been up a lot in the past week, but the fact that we’ve seen five green bars in a row against a backdrop of doom and gloom is the real story. Now we need to see the S&P 500 (SPX) close above its 200-day moving average.

The road map from yesterday is clear. Major snapback opportunities:

• Large Cap Growth and Momentum
• Mid Cap Momentum
• Small Caps across the board but especially Growth and Momentum

Today’s Session

The two-week ceasefire sent oil crashing lower, which is great news for those hoping for Fed accommodation and for limited impact on the economic momentum evident out of the gate this year.

The market looks to snap back, and it's going to be hard for money managers to sit this party out – harder to blame valuations.

I have been pounding the table about the coiled spring. If you are not positioned, it's not too late. If you are not a current subscriber to our Hotline service, contact your account representative, email Info@wstreet.com, or start your free trial to get started today.