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Friday, February 13, 2015
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  in more detail.