Mid-week market update: I was wrong. I thought that the stock market was due for a pause and pullback last week (see A possible pause in the uptrend). Instead, it has strengthening on skeptical sentiment and improving breadth.
The combination of these conditions are suggestive that the current rally as a lot further to go in the short run.
The full post can be found at our new site here.
Testing the Daily Middle Band
37 minutes ago