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In looking at the potential for a countertrend move to develop, the best way to summarize the situation might be to say, see last week's report entitled, "The Song Remains The Same." The bottom line is stocks remain overbought, sentiment has reached extremely positive levels, and complacency appears to have set in. As such, one can easily argue that the table is set for the bears to enjoy some time in the sun. However, since investors are currently looking ahead to better days, the news on the virus front has been improving, and