Friday, October 15, 2010

State of the Stock Market - 10/15/10

Another positive day for the stock market today, as stocks either rose in a strong manner off of earnings (Nasdaq) or consolidated nicely and bounced back from an early morning fade (S&P and Russell 2000).  Overall the action continues to be very bullish so even though my breadth numbers continue to be at stretched levels, it just doesn't matter much in the big picture.   We haven't run out of gas yet and until we do, just keep chugging along with the bulls. 

I'll be back later this weekend with the typical setups and outlook via video but for now, there is much else to say.   Take care and enjoy the weekend.

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