Stocks and ETFs are breaking out everywhere (despite some really scary headlines about the chaos in the White House). This chart of the Biotechs looks really great, and there are tons of charts that look very similar.

(Click on image to enlarge)

Tech stocks are back, and they are just starting another run into new high territory after being out-of-favor for a few weeks late-2017.

(Click on image to enlarge)

Inflation-sensitive stocks are hot.

(Click on image to enlarge)

Outlook Summary:

2017 was a good year for playing offensive in the stock market, but now I am feeling the need to be more defensive because the market is looking frothy, in my opinion.

• The long-term outlook is positive.
• The medium-term trend is up.
• The short-term trend is up.