Going into next week: The Dow 5

Friday saw a pretty nice up move; 100 points. This does not invalidate my predicted pullback. Not much to add to what I said last week. A move below 13,800 would probably trigger a fast move down. Maybe if the Dow breaks 14,075 or so the pullback won't come. In any case I wouldn't act too aggressively until we revisit the mid 13,000s or so. Some stocks are starting to look undervalued so there might be some decent buys next week. Time will tell on that.