As the attached chart illustrates we are working on the 12th green monthly candle out of the last 14 months in the SP 500. If we were coming off a major sell off low that would be quite bullish. But instead we are in an acceleration higher in an ever steepening advance.

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This is not a reason to short or pick a top. It is a reason to approach longs with caution and not overstay. However I have a XRAY short signal in Google. It is a sell on any strength Monday or Tuesday with a stop loss on a close above last week’s high. 

Thanks,

Joe