"The Swing Continues"... Perhaps, this phrase could be the best assessment of trading on the U.S. stock market last Friday. A day of negative sentiment has been replaced by a day of positivity. Usually, such movements, called "swings" are observed near the local market extremes and indicate the imminent reversal of the movement. One might assume that they are now indicating an imminent decline as the major U.S. stock indices stand at record highs, but small-cap stock indices showing gains are more likely to indicate that if a corrective move is in store, its time has not come yet. As usual, the key to resolving these contradictions will be corporate and geopolitical news. The corporate reports are still in full swing and not all the "whales" have shown their results, although, those that have already shown results are mostly expected to exceed analysts' forecasts. As for the geopolitics, news from there comes with such a kaleidoscopic speed and multidirectional charges that can bring doubts into the most balanced trading plan.