I must admit the market is surprising me a bit here - Dow testing YR2, everything overbought, some daily charts overbought for days, and this would be a very likely place for a shakeout / drop.

So far not happening and fractional close above INDU YR2 on both cash index and ETF. SPX closed above its Q4R1 by 1 point as well.

GLD failed to recover above all pivots, another score for stock bulls; and HYG held Q4P.

So far it's still risk on. I'm a bit skeptical but will avoid any big counter-trend positions until i see things moving the other way.

SPX, INDU and DIA below.