Strong week

Sell in May gets squeezed

The Jobs report yesterday took a lot of market skeptics by surprise.  I think a lot of the action yesterday was the result of a big short squeeze.  My scoring system indicates that the market has reached the pivotal range. The weekly charts are leading me to believe that we may see a couple more up weeks before a larger downtrend resumes.  Good news out of Europe and the US will probably fuel more market gains.