sp'daily5
R2K
Trans
Summary
Primary trend remains unquestionably to the upside.
Equity bears continue to get periodically teased..only for the market to resume higher. With the QE fuel likely to continue for a very considerable time to come (end 2014, according to Fed 'Evans), this situation looks unlikely to change until the late spring at the earliest.
Even then, it might take a good 2-3 months for the market to form a choppy intermediate top - as was the case in summer 2011.
I am in no mood to get involved on the short side of the indexes for another 4-6 months..at the earliest.
-
a little more later...