The stock market edged higher following through the swift advance of the beginning of the week. Breadth closed almost even: 1922 stocks advanced compared to 1803 that settled down. Options traders were again active by buying large amount of calls and we observed some profit taking as measured by our buying/selling index. Although the S&P 500 reached new highs, we observed a slight divergence in the cumulative advance/decline line that may indicate that a consolidation period may begin.

NEXT UPDATE MONDAY 17TH FEBRUARY 2020