• Earnings, catalyst for new highs
• Large Cap Stocks lead the way
• Stage set for new all time highs in S&P
• Short term consolidation then higher

In my April 4th posting I stated that earnings might well be the catalyst to send the market to new highs for the year and that has proven to be the case. The market continues to discount a plethora of bad news; housing foreclosures, rising interest rates, the carry spread, and the geopolitical environment. This market wants to move higher.

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Posted by Michael Chapman at 4:58 PM PDT