9:00am (EST)
The bears got their first Monday win in 3 weeks as the market pulled back after triggering round number resistance but the bulls kept the blue-chips afloat to keep their win streak at 3. Tuesday was a lackluster day as both sides got some action with bears pulling out another slim victory. This frustrated the bulls as they called up Bernanke to keep the momentum going but Wednesday’s session also favored the bears.
No need to fear, as Big Ben and good economic news appeared from nowhere on Thursday as the bulls used a snapback rally to earse much of the week’s losses. Friday ‘s close past round-number resistance bodes well for the upcoming week despite the numerous calls for a market top all week. (continued…)
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