The good news is that we are still holding above the Monday morning gap area and if we can continue to do that, then the odds of a move above the 1303 area on the S&P500 area increases. We also just endured a European scare, multiple wars and overthrows in the Middle East and a nuclear incident/tsunami in Japan , and we didn’t go down much. However, $4 gas will start to pressure consumers as we get closer to the summer driving season. Hopefully with a few more days of back and fill, new leadership will emerge.
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