While T2108 demonstrates that a good number of stocks are losing altitude again, the S&P 500 has barely responded. On Friday, it only lost 0.60%.

There is just no way to win betting against this market! Well, actually, there is one way and that's betting that each pop is nonsense and tends to have a subsequent pullback intra-day but, long-term, the cumulative effect of all that low-volume pumping has been a rousing success, to say the least.

1,900 on the S&P, 16,600 on the Dow! The month isn't quite over yet but we're up about 3% for the year now although, as Dave Fry points out, on record low volumes – which makes the whole thing sort of suspect.

This is ridiculous. As noted on Dave Fry's chart, the S&P made a new record high with narrow participation and essentially all of the gains were one big move in the Futures to reprice the index.

Pfizer (PFE) may buy AstraZeneca (AZN) for $100,000,000,000.00!!! That's a lot of money! That's also the same rumor (now more solid) that goosed the market last Monday...

AAPL was our 2014 trade of the year, so we are thrilled with their Q1 earnings and expecting to see $600 on this run (I sent an Alert to our Members early this morning and you can see it on Twitter as well) detailing our strategy as well as discussing PSW's Rule #1 and it's practical implications.