Abbreviated posting this week.
10 period MA of 18x forward earnings jumped to 2437, with the first weekly close above. While the market is still basically at 18x, it is bullish with this kind of slope.
But Citigroup Economic Surprise Index looks terrible. Most stocks may be ignoring this right now, but bonds aren't.
Valuation +3, Fundamentals -3, total score 0. This would imply a trading top is immanent.