New Highs For the Year on the S&P

We got a small pierce of the highs on the ES and SPY and now it is pulling back a little bit. Lets see if we can get a nice pull back from here or if we continue up and make higher highs...

Unemployment Claims Inline to a Little Worse Than Expected

After a brief pause, the market sold off a little bit but found resistance quickly indicating that it will take more than that kind of news to make this market roll over. And the brief sell-off may have had more to do with the spike in the dollar than the claims numbers. In any case, the early support makes me doubt that we will see any real sell off today.

Thunder in the Skys, an Ominous Sign...

I am visiting my parents in Florida and this morning as I prepare for market open, thunder clouds are rumbling above. This could be a stormy session and I can guarantee it won't be easy for the bulls or the bears. I am looking forward to it. Ooohh and there the lightning flashes, I hope the power doesn't go out.