Bumping resistance

As of this writing this morning, the S&P futures are bumping resistance at the 1085 level and we will see if this holds. This market has been up five straight days and may need to take a breather in the next couple of days. Any earnings or bad news items could really knock this market back down to reality. Yesterday saw a strong last hour which led us to take our profits on our intermediate trade recommendation. We put out an intermediate long on the advisory at 1026 on the S&P futures and took profits on the close yesterday at 1076.25 for a 50.25 point profit. The daily CCT was even yesterday and the number stands at -185. We started to see some minus tick yesterday and we will have to see if this continues in today's action. If you are interested in signing up for the advisory please send us an email or call the office.