Jan 7

No updates recently because of the break, and because there hasn't been much to say. My 'analysis' from December 18 is still valid: No bearish setup has worked, no opinion on the short term, other than things being generally bullish.

The fiscal cliff nervousness resolved to the upside (simply because there was a decision) and we are back to new recovery highs (SPX a few points shy, Russell at new high, Nasdaq is not). My 60-minute and Daily Systems are on buy signals, and unless we have a major pullback this week (which I certainly am not anticipating) then the Weekly System will move back to a buy as well.