We saw some great achievements by the market this week.  On the first day of the week (and month), the Dow Jones Industrial Average cracked the 10,400 mark for only the second time since Jan. 20. On Thursday, the Dow closed in positive territory for the year. On the final day of the week, the [...]

The market has come to a bit of a standstill ahead of Friday’s all-important jobs report.  The SPX seems to be pinned at 1120 and we expect tomorrow to be very similar to today in regards to market action.
This rally has been a good one but now we appear to be a bit overbought all [...]

Last week was a nervous one but when it was all said and done, the S&P 500 Index (SPX) still finished within half-a-percent of where it started the week.  We look at it as a considerable win for the bulls, that they were able to hold the 1100 level.  This level had been considered [...]

Thanks Chairman Bernanke.  Traders collectively released a breath of relief today as the central banker began a two-day venture on Capitol Hill. Offering his semi-annual assessment of the economy, the Fed chief didn’t disappoint the street, assuring Congress that last week’s move to boost the rate on emergency loans to banks doesn’t necessarily indicate more [...]

The short week got off to a great start and the indexes were able to add to that strong start the rest of the week.  The Dow is now just shy of breakeven for the year to date.
The good news for the bulls is February’s expiration-week rally pushed the SPX back above its 80-day moving [...]