TJX Co. Breakout Trade

I am looking to go long on the $TJX breakout above 45.40 with my 1st target at the June 16th high of 46.74; my 2nd target will be the June 3rd high of 47.34; and my 3rd target will be the April 26th high of 48.50. My stop loss will be below 44.35

S & P Inverse Correlation with the Volatility Index

Since the market meltdown a year ago I have been watching the Volatility Index (VIX) trade in an inverse correlation with the S & P 500 (SPX). As long as the VIX trends lower I will be bullish on the SPX on a longer time frame.