Higher Highs on higher volume !!!!

Volume came in a big way in all indices.......

All indices racing towards new highs AGAIN.....

Bank stress test results being leaked out daily......

Bank stress test results are managed skilfully by Treasury to eliminate any surprise to the markets.....

CSCO ER was a beat...stock UP 42 cents AH....

EGLE ER was a beat in Sales & in-line EPS.....CC before open.....

Please keep in mind following targets by stockcharts.com :

S&P 500 closed @ 919.....target 935

Dow closed @ 8512.28...target 8650

Nasdaq closed @ 1759.10..target 1970

As you can see that some target are very close to current levels...so manage your risk as per your OWN comfort level......Nobody including stockcharts can predict accurately market levels but it is a fact that we have come a long way UP from March lows in one stretch...nothing goes UP in a straight line as per history of wall street...so i strongly suggest being aware of this historical trend.....

We may overshoot on the UPside also......so it will be wise to take advantage of that probable scenario.....especially for traders.....

VIX closed @ 32.45...28 level MAY suggest strong resistance for the market...FWIW

Financials ignored all the noise about 10 Banks being told to shore up capital...it is amazing how quickly news are being digested these days......

IPI,NVDA,WEN reports Thursday.....

BLOG does NOT give buy or sell.

Saleem