The Market Trend Model (http://bitly.com/M_Trend_Model) moved to a positive bias on Tuesday as the market continues to grind higher. The renewed "buy signal" likely occurred in anticipation of Wednesday's release of last month's FOMC minutes (http://ow.ly/Lmsbm). The major market indexes reclaimed their 10-week moving averages on Wednesday and higher prices appear to be on the horizon as Janet Yellen and the FOMC appear blind to any potential ZIRP bubbles.
As could be expected, the Federal Reserve minutes show Janet Yellen and the Federal Reserve are literally blind about what the actual Federal Reserve monetary policy should be. The central bank easy money policy appears intact as historically low interest rates remain while the U.S. is supposedly at full employment (as measured by the U.S. Department of Labor). It seems market participants view the confused central bank monetary policy as a "plus" and the bet is that interest rates stay lower for longer ~ the TINA (there is no alternative) market is alive and well.
While the major indexes are still range bound, at least for the moment the upward trend of the general market has resumed. However be cognizant that anything can happen at anytime, as the market has proven time and time again.