96% of the stocks in the S&P 500 are above their 200 day moving average, it's no surprise then that the market keeps going up, but complacency spells out to be cautios, despite that the market has been overbought since July 2009.
The FOMC left interest rates unchanged, which is good news for the bulls.
In the meantime all we can do is continue to trade the path of least resistance, which is up, until the trend is violated.
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