Will the New Market High Hold?

This morning CPI was a little hot and initial jobless claims spiked.

PRE-OPEN MARKET COMMENTS THURSDAY - Since the FOMC breakout a few weeks ago, the market has been compressing near the all-time high. Asset Managers were not aggressive and there was some profit taking. We know this because the market was trapped in a tight range. It took time for buyers to "soak up" the supply of stock and yesterday the next leg higher began.

Daily Bulletin Continues...