Markets have seen a very strong week, adding to gains from the prior three weeks. The news flow is good and the technicals are even better. Everything I would look at would imply this is a regime shift and that bulls are solidly in control and will remain that way. There is only one technical pattern that might cause them a problem. For now, everything is aligned in the bull camp from the indexes, to credit, to dollar, and oil. The only new thing is reviewing whether semis (which are the most important part of the market) went too far too fast as of today.
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