it's very easy to get complacent here. Many indicators are signaling overbought. S&P hitting 20dma, minor resistance at 90 area...volume is getting lower partly being masked by the thanksgiving week. The same kind of complacent action happened during the time when Obama got elected. The market ignored any bad news hitting it. But ultimately, the market crashed down. Must keep in mind that we are still in a major down trend. And the bears and shorts maybe getting anxious to jump in at the first sign of weakness.
I have unloaded my major positions in DXO on wed. and DGP today. Awaiting a pullback.
If the market is strong, buyers will show up early to support a higher low. If not, then the market could get ugly again.
