S&P Within 100 points of All-time High

Yesterday the market tested the 100-day MA and it bounced right off of it. That is a sign that buyers are in control.

PRE-OPEN MARKET COMMENTS TUESDAY - Yesterday the market dropped on news that an agreement with Iran had not been reached. Within minutes the market filled the gap. It is numb to that news and it is ready to focus on earnings. Could something happen in Iran that would spark selling? Sure, but I am not expecting a big drop. The US is firmly in control of the situation and that confidence is reflected in the market.

Daily Bulletin Continues...