Brace for a New High

Volume was very light, and other than the cheerleaders on television, there wasn't much emotion, but it was another strong and steady day for the market. I suspect the bears have resigned themselves to the fact that the S&P 500 is going to make a new all-time high sooner rather than later and that end-of-the-quarter window-dressing may be the vehicle that delivers it.

What was most interesting about the action today was that the consumer confidence and housing numbers were poor, and the news out of Europe was not particularly positive either. Market players were unconcerned, and they slowly ramped up all day on solid volume. We even managed a close near the highs, which is always a positive sign....1168 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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