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Monday, March 29, 2010

Energy stocks pushed the market higher


Oil prices rallied $3+ to 82.78 at the high of the day, before settling down at $82.18 The S&P ended up +6.63 at 1173.22, the trend is up and I won't fight it. The S&P 1200 is almost a reality as is the Dow at 11,000. Those numbers mean nothing, but phychologicaly looks like the market is going there, we'll see. Support is at 1167.71 and Resistance at 1174.85.
First quarter window dressing is still in effect. I am still bullish but watching the market for any reaction.

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