an tSionna 02.14.11

We're going to spend some time over the next couple of weeks looking at different charts to see what they may be telling us.  Today we'll look at the S&P 500 which has been on a quiet march north.  Nothing spectacular on any given day, but 3/10's of a percent on average every day over time adds up. 

What will change this in my opinion is some news event that catches the crowd way to far on the bullish side forcing them in a very short to turn bearish and head for the exits.  Egypt looked like that candidate a few weeks ago but markets {at least here}seemed to discard that as a problem after a few days.  For now we just drip higher.

*Long ETFs related to the S&P 500 in client accounts.