Traders who hope to catch another market pullback before buying could regret their inaction should stocks grind higher.
Friday's positive action did little to change the general cautionary landscape.
There are several reasons to believe the Russell 2000 will experience catch-up trading action in the near future.
Plus, House Speaker Nancy Pelosi and Treasury Secretary Stephen Mnuchin agree to talk stimulus turkey.
The bounce that began on Friday gains momentum as idle cash looks for a place to go. Stock-picking and rotation are key themes.
In late August/early September the major indices were making medium-term tops.
Obstacles that lie ahead, but this market never seems to embrace a negative narrative for long.
Indices advanced on negative breadth.
They are the charts of the S&P 500 and U.S. dollar, and their patterns could influence most stocks, commodities and currencies.
The result has been a technical breakdown in risk-asset pricing -- and the main culprit is without a doubt, the inability of Congress to compromise.