NASDAQ rocked today and closed above its 200 DMA of 1736! This is fantastic news for the bulls! Also, the S&P closed above the pscychologically important level of 900. Now if both S&P and the Dow can manage to close above their 200 DMA then the money from the sidelines will come pouring in and we will have a rock solid bull market rally going!
The 200 DMA levels to watch for the Dow and S&P are 8885 and 945. If these two indexes manage to close above those levels the bears are toast and the bulls will rule! Gold bulls wre happy as well today with Gold maintaining strong support around the 950 level. Great to come back from the holiday and walk into such a strong performance by the bulls!