The market continues to push steadily higher on positive sentiment. We are now in earnings season and it will be interesting to note whether we get confirmation on the bullish outlook from the collective forward guidance. January is looking quite strong and is consistent with historic seasonal tendancies for the 3rd year of a Presidential term. From a technical perspective, until the indexes break the recent trend line and the 20 simple moving average and does so on volume, I see no reason to change my bullish stance. It is always a good thing to be hedged with a contingency exit plan in place.
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