Another week, another bullish start. The S&P 500 is trying to make this nine straight weeks of trading higher. 

The small caps are is trying to trade lower for the fourth time in the last six weeks. Pretty amazing how there is a “Tale of Two Tapes”.

Despite the market being in that phase of irrational exuberance it still demands that you respect the trend and trade it accordingly. 

With that said, watch the energy stocks – they have a lot of room to ‘POP’ if the market takes a notion. I’ve added my first long position in the energy sector in months. Basic Materials are also showing signs of life, while the Financials are disappointing and simply doing nothing following the bullish developments from last week. 

Here’s the bullish list of stocks to watch: