it is about time...

...the markets finally broke out of their most recent sideways trading channel. The SPX has been hitting resistance at 1130 and everyone was keying on that level. Early in trading today, it broke through that key resistance level which sent the shorts scrambling to cover which of course drove the markets higher thus resulting in a very impressive day for all the major indices. Headfake or truly moving higher? Stay tuned.

DJIA 10,753.62 +145.77

NASDAQ 2,355.83 +40.22

SP500 1,142.71 +17.12

a laborious week

Short busy week, summer is un-officially over and it is time to get back to work, not dog days of summer work but serious market-moving money-making work.

DJIA 10,462.77 +47.53

NASDAQ 2,242.48 +6.28

SP500 1,109.55 +5.37