It looks like a critical week for U.S. stocks...we have returned to all-time highs in many of the indexes (though not all). My preference would be to see some acceleration later in the week - this would keep recently sidelined Bulls out of the market.
The shift we saw last week is the PMI (Purchasing Managers Index) and the ISM (Institute for Supply Management)indicating the global economy shifted back into gear early this year. The concern over the virus in China has damped this news somewhat.
On balance, we still see a constructive environment for U.S. stocks at the present time. Stay tuned for more updates as we progress through the seasonally strong period for stocks. Enjoy the day..R2