This is the fifth straight day the S&P 500 has gapped up, and we’ve only had one real day of selling in nearly three months. The bulls have 1400 in sight and will likely make a push this week. JPM dividend and a surprising early release of bank stress test results ignited buying all afternoon. A bit of back and fill tomorrow morning will not surprise but look for dip buyers after the morning low had been set. Operation twist last until June and we may get some hints on what comes next during the end of April FOMC meeting.
