The market is in a good spot. Earnings are good, the news is good, and the chart pattern carved out a very nice base to spring higher.

So has the medium-term uptrend resumed?

The market has moved a lot in a very short period of time. We went from oversold to overbought in just a couple of days. Too fast?

These Transports aren't as euphoric as the rest of the market.

Supporting the bulls... these junk bonds are moving higher out of a beautiful base. It is hard to bet against the stock market when junk bonds are moving up like this

Packaging stocks are very strong. If you look back over the last couple of years, I think most of the solid upward moves made by the stock market begins with this index performing like this.

Is it even worth focusing on the small changes in trend? This chart says prices are headed higher despite the noise and minor ups and downs. Even the period before the election was just an insignificant blip.

The US Dollar keeps breaking lower in a series of lower lows, lower highs.  And now it lost the 200-day. I don't like buying stocks when the dollar looks like this. A strong economy has a strong currency.

The Leader List

Monday was a game changer. This list of short-term leaders has been reshuffled quite a bit. (The items in light blue have strong longer-term trends.)

Outlook

The long-term outlook is positive. 
The medium-term trend is down as of March 21
The short-term trend is up as of April-20