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By Lawrence G. McMillan

The broad market is putting on a rather spectacular bullish performance. $SPX has repeatedly gapped to new all-time highs on at least four separate days since October 28th.

There is general support in the area of the old highs, at 3025- 3030. The next lower support at 2950 is crucial to maintaining the bull market. A close below there would be a game-changer, but it doesn't seem to be a problem at this time.

Equity-only put-call ratios remain on buy signals. There has been heavy call buying over the last three weeks, and that has pushed these ratios down to the lower levels of their respective charts.

Market breadth has not been nearly...

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