Markets explode to the upside

The bear flag didn't play out. I shouldn't have doubted "Obama's Power." Generally, the powers that be have no vested interest to sink the markets before a President comes out to speak. The reasons are obvious.

I'm going from all out bearish to neutral/bearish. Even though the $113.20 level is being broken on the intraday, it really depends on the daily close.

I'm still in FAZ. The XLF is not reacting to the move on the SPY.