Congratulations to everyone who picked their bottoms last week! The SPX held and bounced beautifully of the 200MA spurring a 5 day bull run with almost all days being triple digits days for the DOW. I put my IRA to work on the second day so my fingers were a bit dirty. I didn't get to chance to put much to work trading and missed out of the biggest rally this year in that aspect.
SPX: Rule # 1 - Double Tap!!
McClellan Oscillator showing overbought conditions > 50. I'd like to see the market rest here before blasting off to new highs for the year...