This morning on CNBC, Dan talked about momentum in the market place. After breaking the 200 day moving average on the S&P 500 yesterday and confirmation from the transports and the Dow, short-term momentum seems to be high. At this point, Dan feels you can’t fight the market because there are significant signs the S&P 500 index could push up to possibly 1130 or 1150. Short-term, you have to be a little bit bullish on this market place.
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