9:00am (EST)

The bulls kept their recent momentum following a test to new highs and ahead of this morning’s GDP numbers.

The Dow added 24.5 points, or 0.2%, to close right on 14,700.  The blue-chips traded to a high of 14,768 but continue to struggle with 14,800.  If cleared there could certainly be a bull stampede to 15,000.  The bears will try to get the action back below 14,600 today.

The S&P 500 popped a 6-pack, or 0.4%, to end at 1,585.  The index pushed a peak of 1,592 and came within spitting distance of its closing high of 1,593 set earlier this month.  A run past this level could be an easy path to 1,600.  Support is at 1,575.

The Nasdaq gained 20 points, or 0.6%, to close at 3,289.  Tech touched 3,301 and a close above 3,300 would be bullish heading into next week barring any weekend geopolitical news.

The Russell 2000 landed on 940 after drinking its own 6-pack and we mentioned in the Weekly Wrap that once 920 cleared there could be a quick run to 940.  Bingo.  Resistance at 950 and the all-time high of 954 are up next.  The bears will try to get the action back below 930 today.

Futures are showing a lower open following a worse-than-expected GDP report and here is how things are looking as we head to press:  Dow (-45); S&P 500 (-5); Nasdaq 100 (-10).

Subscribers, check the Members Area for the updates and stay on the lookout for possible New Trades or Profit Alerts this morning before our midday update.