Wk19: Market Recap

11 May

Last week created a strong argument for the bulls as Bernanke said the economic outlook may be strengthening. We will be watching the 934.85 level on the S&P as it is the Year-To-Date high. The Russell is also close to breaking its YTD high, the Dow has a good 500 points to go. This week marks the 6th week of the NASDAQ sitting positive on the year at +10%. The S&P and Russell going positive on the year in week 19 may create some tracktion for a continued rally in the weeks to come.

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