Wednesday Market Wrap 3/13/13

{+++}  It still looks to be time for a rest, but the market keeps edging higher. Multi gazillion dollar hedge fund titan David Tepper came out today and said the S&P could rise 20% or more this year. His entire thesis (and rightfully so), is based on the Bernanke “put” that is underneath the market. That doesn’t mean we wont get pullbacks.

The bulls don’t want to pass the baton over to the bears yet, and when they do, it should be a short term event as the dip buyers are lying in wait.

I raised stops on the P&L tonight, so check it out.