Victories And Bitch Slaps

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New highs for the major indexes serve just as much as victories to Bulls as they do bitch slaps to bears. 

Odds are a good number of aggressive funds and traders are sitting on short positions, especially after evidence of last week’s solid distribution day. 

We’ve still held on to our Buyer’s Caution bias, as we have all year, waiting for something more convincing, rather than acting aggressive. 

Meanwhile, loads of top growth names have confirmed the Bull’s cause with fresh all time highs.

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