IWM
Nasdaq Comp
Dow
SP'daily5
Trans
Summary
The daily..and weekly close of sp'1513 is yet another victory for those on the bullish side.
The accelerated trends are holding - as seen most clearly on the Transports. It would appear the pull back was complete after just two days of very minor falls for the broader market.
--
Those hoping for a retracement are right back to the start..and now, from yet higher levels. The truly disturbing aspect is seeing the POMO February schedule. The realisation that the Bernanke is going to throw another 45bn to the primary dealers...and some of it will (probably) funnel its way into bidding equity prices even higher.
Crazy times.
A little more later