Well, it almost looked like we were hitting a top last week as we encountered some resistance around 1315, which held for all of two days. It's gone now and , conservatively, I have the next pivot point at 1323, which we will test today at this rate. The Euro is rallying the morning on hopes the at Greece is going to get bailed out again (I have lost count of how many times Greece has already been bailed out), and the market, which had not been following the Euro of late, now seems to be. Leading sectors are XLF, XLU, and XLI, lagging are XLP and XLV. I have both the Nasdaq and Russell 2000 with slight leads. Oil, gold, and treasury yields are all up. The prognosis is bullish.
I have 74 new highs, and cannot find a single breakout. ASPS and KED are sort-of breakouts, but on not much volume. I have AIRT scheduled to report this morning but they have not. VLTR, which broke out last week, is confirmed to report after the close.
