Before the Open (Sep 27)

Good morning. Happy Monday. Hope you had a nice weekend.
The Asian/Pacific markets closed with across-the-board gains – there were several 1% winners. Europe is currently mostly up – gains are relatively small. Futures here in the States are flat.
I don’t have much to add to my weekend report. The market has moved up four consecutive weeks. The Dow, Nas and S&P have taken out the tops of their summer ranges; the Russell is sitting just below resistance. Things definitely look pretty good right now. Even though a little soft patch can come at any time, odds favor a move that tests the April highs. It’s not going to happen right now or in the next month, but this winter is a good shot.
Here’s the weekly I’ve been working off of. Everyone (including me) was looking at the 1130ish area because it was the top of the summer range. I was also keying on 1150 because it matched the early Jan high and the blue line show below. Here we are at 1148…just noting the possibility some profit taking kicks in here.

Otherwise it’s the same old same old right now. The trend is up, my bias is to the upside. But don’t get lazy. Be in the habit of exiting average or below average positions and entering newer ones that have higher potential. More after the open.
headlines at Yahoo Finance
today’s upgrades/downgrades
this week’s Earnings Reports
this week’s Economic Numbers