“We chased our pleasures here…
… Dug our treasures there”
Stocks closed at new all time highs on Thursday.
The Russell broke out to new highs as well on Thursday.
Both the Transports …
… and the Dow are delivering bullish follow through to their respective breakouts.
I believe that March 4th was not just a daily cycle low, but an intermediate cycle low as well. (Which is something that I plan to cover in the Weekend Report.) If I am correct that stocks are now in week 1 of a new intermediate cycle, and if this weekly cycle right translates then stocks could be rallying for 15 – 20 weeks before the next intermediate cycle decline.
Cycle Trading 
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