Some nice buying and followthrough into the close even with a modestly poor finish. The first few days of the year generally tell us what the year will look like, and so far it's looking pretty good. Let's not get too bullish however, all you need to do is look at some charts to see we're rallying in a bear market. The action is certainly constructive though, commodities moved higher again on the lower dollar trade and reflation, tech joined in as well on some promising optimism. With the markets up 4/5 days now it seems likely a pullback is in order, and with a very high bullish sentiment as well. All eyes will be on jobs and retail sales the rest of the week.
Some good looking charts out there, but let's see how things shake out this week...we don't want to get hit by a freight train!
Hit 'em straight!
Bagger
