I’m sure that not many people saw the week ending this way about 32 hours ago. Like I said yesterday, the bears have to be frustrated with the action since yesterday morning. Not only did the Nasdaq close above that oh-so-tough 2100 level but the Dow was able to close above its 50 and 200-day moving averages. Even more impressive is the fact that the small and mid-cap indices are at all-time highs. The bulls seem to have the bears on their heels right now. Let’s see what happens once earnings start to come out.
