Breadth improves

Last week we had 3 days of pullback on low volume, on Monday market bounced back. The breadth trends continue to improve.

The rally got some help from encouraging news on fiscal cliff negotiations. As a result we are now at level that started sell off post election. Since then we had massive stimulus announced by Fed. Let us see if that acts as a catalyst for taking out that level.

Next week will be very thinly traded due to holiday's. So probability indicates this move might continue in to new year.

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