Some economic news is not bad, earnings are coming in decent, and the Middle East conflict has not expanded. These are all positives for the market. The problem is whether price is getting ahead of realistic valuations. As you will see in the Briefing, the breakout rally continues each day. However, the structure of the market deteriorates each day. Even in today’s trading, the NASDAQ was on fire, but the number of shares trading lower increased. The number of shares trading above their 20-day and 50-day moving averages is declining also. With all that said, the trend is up and must be respected. However, use good stop and trade management.