HOW HIGH CAN WE GO?

This week is expiration week which typically brings a bullish bias. The good news yesterday has propelled this market upward and we are now into some old resistance on the S&P. We are also into the 7th up day in a row so we will have to see if the bulls can keep running this market up. We are into earnings season so be wary of what companies are reporting and at what times as they can move markets on any unsuspected news. Keep a careful eye on the NYSE tick indicator as we might see some type of blow off top if we can get some extreme tick.