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The video in this report is only accessible to members

I continue to see the US stock market as being attractive, technically speaking, and do not feel sufficient risk is there to warrant a selloff at this time. While price action has been choppy over the last couple weeks, there remain precious little other evidence with regards to frothy speculation to excessive valuation measures that would warrant a major selloff.  Rallies up to SPX-5350-5400 look likely over the next couple weeks before even minor consolidation gets underway.  Treasury yields and US Dollar should have limited upside after this bounce, and both look close to rolling over.

Recent churning has proven to be a source of frustration for Bulls and Bears alike, but US stock indices remain attractive and the path of least resistance continues to be higher.

Large-cap Technology’s recent slide hasn’t adversely affected SPX nor QQQ and both achieved greater than a 10% rise for 1st Quarter despite some underperformance out of the “Magnificent 7”.

This week’s CPI report might serve as a catalyst for helping SPX break back higher out of its recent range and for now the recent sector rotation is seen as being a bigger positive for indices than the minor consolidation having played out withi...

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