It's remarkable what the SPX
has been able to accomplish from the 2009
low; especially the last year. A potential secondary median trend line
around 1850 appears to be the only trend resistance left. We'll probably re-test the breakout area just below current price, soon. If it holds, 1850 here we come! If not, 1850 here we come anyway! We'll probably start to see rotation becoming more severe as we rotate further into the safety of large cap value and away from high beta. The last 5+ percent may prove hardest for those invested in individual names, rather than the broader indices. Enjoy the ride; There Will Be Blood in 2014...