The S&P has kissed the 875 level I have been writing about. Some would say harping or chicken littling but there it is on paper. As a colleague said, now we’ll see if technicians rule the market.

Since the technicals behind this will be a major focus of Monday’s newsletter I cannot go into them here. Subscribers would not be pleased. But if you’ve been reading my column you know what they are.

And what’s with the 62 new 52-week lows on the NYSE today. Hmmm, new high and six straight weeks in teh black but the news lows have grown.