Marginal New Highs

This market wants to reach higher ground.  The emerging markets are back in flavor and will support the market overnight.  Europe has one foot off the ledge with a "successful bond auction" so they are off the table for at least a few days.  This market is climbing the wall of worry and also enjoying the plummeting dollar.  But we're at pretty lofty levels so I wouldn't go long but it looks better to wait to short next week.