At the closing on Wednesday major indices had made solid gains that, together with the prior day's gains, took the market back to about flat for the week. Dip buyers were doing their thing, and the Bulls showed that at least for the moment they remain in control. Most sectors were higher, with greatest gains in energy, health care and basic materials.
We still suspect that there will be more of a correction before too long, but for now the Bulls have control and that must be acknowledged and respected. The trend is your friend until it is not. And we are keeping a watch for such things as lower highs.
In the meantime, we continue to look at charts for set-ups -- and among those that we are looking at are INFY, JNPR and BCRX.
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