Watch For A New Market High

Breakouts are nice, but we need follow through.

PRE-OPEN MARKET COMMENTS WEDNESDAY - Last week the market broke out to a new all-time high after a 50 basis point rate cut by the Fed. They said that inflation is within their target range and that they want to preserve employment. They do not see any dramatic declines in domestic economic activity and they do not want to wait for that. This is a bullish backdrop for the market.

Daily Bulletin Continues...