7 MAR 2010, Sunday

1. You can check the SP500 1 yr daily chart in the sidebar. 
2. Bulls had an upward burst on Friday after 3 days of chop.  They needed it. 
3. Upmove from early FEB seems to be getting stretched / overbought just as price is entering the overhead resistance area of the JAN highs.  Will be interesting to see how this area is handled.
4. Technically, trend is up with closes above the 90 & 50DMA's.