Wednesday's trading session was quite bullish as stocks extended their recent move up following Producer Price Index number release, among others. The market got closer to its mid-April local high after bouncing off medium-term upward trend line last week. Is this a new uptrend or just more sideways action after January - February sell-off? There are still two possible medium-term scenarios.

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Stocks were basically unchanged on Tuesday, as investors hesitated following recent move up. The market retraced almost all of its last week's move down after bouncing off medium-term upward trend line again. Is this a new uptrend or just more sideways action after January - February sell-off? There are still two possible medium-term scenarios.

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Investors' sentiment remained pretty bullish on Monday, as stocks extended their Friday's rally. The market retraced most of its recent move down, as it bounced off medium-term upward trend line again. Is this a new uptrend or just more sideways action after January - February sell-off? There are still two possible medium-term scenarios.

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Stocks were gaining on Friday following monthly jobs data release. The market retraced most of its recent move down, as it extended over month-long fluctuations above medium-term upward trend line. Is this a new uptrend or just more sideways action after January - February sell-off? There are still two possible medium-term scenarios.

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The stock market extended its short-term downtrend on Thursday, before rebounding off support level. Was this an upward reversal or just quick upward correction before another leg lower? Investors will wait for today's monthly jobs data release at 8:30 a.m. So, we may see some short-term volatility. There are still two possible medium-term scenarios.

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