The way the charts are setting up, today was weaker than Friday but still strong enough to maintain the momentum. Tomorrow however the data needs to be much stronger so we need to come out of the chute with new-highs-a-blazing.
There is no econ news out to help, maybe a merger? maybe Europe or Asia? This market needs a stepping stool in here to justify the bullishness in the underlying breadth. Where is the price follow-through? Perhaps a knock back down and reentrenchment is what is needed here. Stay tuned tomorrow in the room to keep track intraday.
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