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.
Tuesday, January 29, 2013
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