Finally 1500

Finally 1500 on the futures in the day time session and grinding up and up. I really think the market could hit its 2007 highs before we get any meaningful pullback!! Remember folks that although the volume is not great, the elections are over, bonds are just too pricey for the small returns, Oil and metals are on the back burner as there is little geopolitical issues so managers are just buying indices to go higher.
What also must be noted the the rotation of new leaders, notice AAPL and GOOGs of the world are not leading up higher here and that to be is a good thing.

FOMC meeting was today and continues tomorrow and we usually have a bullish sentiment into the meetings so we must be cautious of that.

CELG

stock looks like it wants to break higher-

in some calls

Today

Pre market the futures are down marginal. Today i would be looking at S&P 1490.75 for some support and 1494 for the real floor for the bulls. Though the SPX has made 1500 the actual futures have no yet in the day time session and it should happen soon but as volume is light and funds are just not trading we will just have to grind up slowly into that number.

I am not uber bullish but have been saying long is the way for a couple months as I am sticking to my longer term cycles that shows 2013 should make a significant high.