First up is the most investible proxy for the broad market itself: the SPDR S&P 500 ETF ( SPY). Since November, the S&P has been in a textbook channel rally -- and SPY has been bouncing higher right alongside it. Despite the investor anxiety that's been plaguing the broad market, stocks have been propelled higher by structural forces, including the moved made over at the Fed. >>5 Stocks Insiders Love Right Now But from a trading standpoint, those causes are a whole lot less important than the effect: a supremely tradable market. You don't have to be an expert technical analyst to figure out what's going on in SPY. The trend channel has done a stellar job of describing this ETF's price action all the way up. I've said before that we're in a "buy-the-dips market." Well, we saw a dip this week. Who's buying? The 50-day moving average has acted as a critical support level for this rally. If it gets violated, we've got an intermediate short signal in SPY. Until then, keep on buying those dips.