The week started off with a bang as the stock market indices gapped up big time, but then pulled back sharply to do retesting at about 2555 on the Nasdaq 100 and 1346 on the S&P 500. That held, and they rallied back in stair-step fashion to reach new highs today at 2572.60 on the NDX and 1353.35 S&P 500, although 1353.35 was not higher than last Thursday‘s high, and we did not get a confirmation on the new NDX high today. [More...]