RALLY EXTENDS FOR A 5TH DAY!

Who knows when the last time we had 5 up days in the dow. S&P and nasdaq but we seem to be on good footing this morning with dow futures up nearly 80 points. It may be a bear market rally but it is a rally and we still have upside...maybe to dow 8000 ish and S&P 810 ish. MLPS on the chart looks a little more bullish to me with a nice base being constructed with the 170 level holding nicely. Now we seem to be rising to the top of a channel. Low 200s is certainly do-able.



This morning begins for mlps quietly in a news free enviornment. Nothing on the upgrade downgrade list. Crude is down this morning as OPEC decided not to cut production any further for fear of hurting the global economy.

So lets get this new week underway. We have options expiration to look foward to among other things.

In case you missed it scroll down to the prior post where i link to a list of the top 100 business blogs. I've added links to the top 10 on the blog roll. Check them out. Some of them are very good. In case you missed it here is the Ben Bernake 60 minutes show last night.