With the SPY sitting at 108, we have reached weekly and daily lows on the stock market.  Last friday we hit the bottom at 105 meeting the same low of November 2009.  It appears that the bottom has already been matched and it’s time to continue the rally furthur up.  The market appears to have a good chance of moving up monday with good news from the Japanese stock market.  Their GDP has increased 4.5%.  This is a much improved increased from what forecasters thought it would be.

As we have already been on an upward trend for the past year, I highly doubt we will have the continued strength from the past.  Look for continued consolidation as the economy continues to improve but bounce back-and-forth with multiple job loss forecasts.  I will post up some good stock trades later this week.