A good day today (if you’re long) as the buyers stepped up right from the opening bell and pushed the market up nicely (2% on the Naz). Those shooting stars from yesterday were negated by today’s moves. I’ve still got my eyes on those long-term groups of MMAs. The S&P 500 has pushed about halfway through its long-term MMAs while the NASDAQ is still approaching its group. It’s interesting that the market has no risen above where the jobs news hit and is back in the vicinity of where the Yukos & oil news caused that slide back on the 5th. Things might really get interesting if oil ever breaks down.
