12:45pm (EST)

The bulls are pushing the market higher today although Bernanke just took the podium and said “significant economic challenges remain” but that the Fed’s policy will help ensure a stronger dollar.

The Dow is currently up 118 points, to 10,387, and we have broken through key resistance levels we mentioned in last night’s Weekly Wrap.  The Dow is off its high of 10,413 but more importantly we have cracked 10,365…

The S&P 500 has added 15 points and currently stands at 1,108 while the Nasdaq is up 27 ticks to 2,195.  We are cheering for the S&P 500 to hold 1,100 convincingly today.

We have updated all of our trades once again so we have to cut today’s market commentary a little short.  Netflix (NFLX, $59.57, up $0.24) has broken $60 this morning and we were able to get in our Microsoft (MSFT, $29.73, up $0.10) trade at our limit price this morning.  Current subscribers check the Members Area for the HOT updates…