HIGHER

837/8 holding ground and as I said we should go higher if it holds. Expect up to grind higher into the close. First target is 861.50 then 866.00, another turnaround tuesday in effect

838 Traded overnight

We traded within 1 point of the 837 noted in the blog overnight- Will this we a support area or will we test it during the regular hours and slice through it.
Bank of America and Citi looks like they need more capital per the stress test, so expect the financials to take a breather. As I have said I believe these banks are all insolvent and it is just a matter of time before all the masquerade is over about these institutions.
I hope this chop is over soon but most importantly watch how we trade around the 837/838 level today it is extremely important