Can the Trend Continue?

Source: VantagePoint Intermarket Analysis Software

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  • The market moved up 262 points.
  • 262 points = $2,620 per contract (About 3 trading days)
  • When the blue line (forecast) crossed above the black line (actual), VantagePoint predicted the market to trend up. The Neural Index at 1.00 also indicated an expected up trend.
  • U.S. stocks soared Tuesday, sustained by better-than-projected earnings and improving outlooks, which lifted the Dow to its highest close in six months.
  • There are still signs of distress among certain sectors however, like banking and retail, which depend on the financial health of consumers.