MTU Weekend Ed. - New High (2/13/15)

... draft in progress, subject to change ...

SP500 made a new record high Friday, confirming the new highs in the Midcaps and Nasdaq indexes (Chart 1).

But internals have been lagging so far, as evidenced by SP500's cumulative advance-decline line (Chart 2).

We continue to track key long term scenarios (Chart 3).  Chart 4 tracks the blue wave [3] in more detail.