The Dow is clinging to the tax cut Maginot Line:
Recall about a week ago I said that the S&P (gray) is tracking oil 1:1. That is no longer the case, now the S&P is lagging oil:
We'll soon find out if the Fed can monkey hammer Financials with some lovey dovey Fedspeak, deja vu of last March.
Either way, they're a tad extended: