SP 500 poked above 1110, the 61.8% retracement of the entire Jan 19 to Feb 5th decline.
Unless it drops from this level, the last line in sand for bears is 1127.
Here is an updated chart.
http://www.screencast.com/t/MWJjNDlj
The key is the recent drop in the Euro. Stocks have ignored its weakness and any strength would add fuel to U.S. stocks, I think.
About ready to hang up my bear suit.
Moderator: Aitrus
Don't list it on E-Bay just yet
WE could be experiencing a cyclical bull market within a broader secular bear market. Secular markets (Bull or Bear) run for years on end and are defined by fundamental trends such as production, capacity, employment, wages, growth, and spending.
Fund Prices2024-04-18
| Fund | Price | Day | YTD |
| G | $18.19 | 0.01% | 1.27% |
| F | $18.62 | -0.30% | -3.14% |
| C | $78.45 | -0.21% | 5.50% |
| S | $76.12 | -0.20% | -1.27% |
| I | $40.67 | 0.02% | 1.21% |
| L2065 | $15.58 | -0.13% | 3.04% |
| L2060 | $15.58 | -0.13% | 3.04% |
| L2055 | $15.58 | -0.13% | 3.04% |
| L2050 | $31.35 | -0.13% | 2.44% |
| L2045 | $14.32 | -0.12% | 2.35% |
| L2040 | $52.37 | -0.11% | 2.29% |
| L2035 | $13.85 | -0.10% | 2.21% |
| L2030 | $46.21 | -0.09% | 2.15% |
| L2025 | $12.93 | -0.05% | 1.72% |
| Linc | $25.28 | -0.04% | 1.51% |