The market averages are sitting at new highs and the momentum is continuing today. The market move is very slow and steady. Although I am expecting a weak May, I still prefer not to fight the trend, so I am waiting for the short term trend to change direction before I think about adding short positions.
On the economic front we did not have any major surprises in the data.
One of my favorite websites to check on economic data is Barrons Economic calendar. They provide charts and explanations for each of the data points.
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