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Overall then, the markets remain quite buoyant, and until we see a prolonged stretch of negative plurality in the advance/decline data, the current path of least resistance will remain to the upside until proven otherwise.

The major market indices took another rest this past week after being higher for 6 out of the previous 7 by closing down by an average of 1.44% from last Friday's close, with the S&P 600 Small Cap index leading the way lower with a loss of 2.28%.

In this abbreviated look-see at this weeks cumulative data shows that both the NYSE Bond CEF and Investment Grade Bond advance/decline lines continue to rocket higher as traders maintain their solid belief that interest rates are going to continue to be soft over the next few months. Helping to reinforce this idea of a highly accomodative monetary policy stance from the Federal Reserve, the Precious Metals and XAU advance/decline lines also moved sharply higher this past week as well. As we have seen many times in the past, whenever we see new highs being made in the bonds and precious metals stocks, this promises us that we will see equities, in general, making new price highs of their own in the not too distant future. Because of this, and the fact that the BETS indicator came in again with a +25 accumulation signal, let's continue to maintain our stance from last week of being friendly toward equities, with the new expectation of a re-initiation of the uptrend to take place after this month's options expiration period this coming Friday, April 15th.

Have a great trading week!

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