S&P within 10 points of post-credit crisis highs
US equities have recouped the bulk of the losses seen early in 2010, climbing to 1140 from 1045 lows. 1050 is the January 19 high. EUR/USD was at 1.44 on January 19 and EUR/JPY at 134, for what it’s worth…


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Jamie, this current US stock market run looks like it will keep on going – at least until the end of calendar 1Q10. To wit, as of Saturday, March 6th, the S&P’s current point & figure chart still has about another 150 points to go before it runs out of short-term steam: http://stockcharts.com/charts/gallery.html?$SPX
As of the same date, the NASDAQ’s current point & figure chart still has about 240 points to go before it takes a break: http://stockcharts.com/charts/gallery.html?$COMPQ
However, a similar chart (for the same time frame as those noted above) of the present DJIA indicates another almost 700 points to go: http://stockcharts.com/charts/gallery.html?$INDU