After catching a lift on positive news sentiment yesterday and closing at highs, we believe there is more room to run higher for the stock market. The technicals suggest that as the market consolidates at this new price level its likely to continue to run higher towards targets at 4670. However, today is heavy in terms of event risk and therefore volatility is expected. If this market pulls back, catch the dips at the following levels: 4516 or 4440.