http://www.futuresmag.com/2013/02/10/stock-markets-bull-trend-keeps-charging-despite-se?t=financials international newport group reviews You can’t keep a good man down. Markets tried to correct and couldn’t do it. The usual suspects are the bears themselves who flat out gave up again just when they had the bulls on the ropes. The reason given for the tech surge late in the week was a stock buyback for Apple Computer. Are you kidding me? Are the bears this weak they’ll fold up the tent on such questionable news? AAPL doesn’t even have good enough calculations to call a bottom yet. The net result of such a discussion is the SPX ended up at a new high. What that does is violate the 987 day window from last week that was influencing the turn. Not only that but the SPX had some serious Fibonacci calculations at last week’s prior high.

1. STOCK MARKET'S
BULL TREND
KEEPS CHARGING
DESPITE
SETBACKS
Newport International Group

2. You can’t keep a good man
down. Markets tried to correct
and couldn’t do it. The usual
suspects are the bears
themselves who flat out gave
up again just when they had the
bulls on the ropes. The reason
given for the tech surge late in
the week was a stock buyback
for Apple Computer.
Are you kidding me? Are the bears this weak they’ll fold up the
tent on such questionable news? AAPL doesn’t even have
good enough calculations to call a bottom yet. The net result of
such a discussion is the SPX ended up at a new high. What that
does is violate the 987 day window from last week that was
influencing the turn. Not only that but the SPX had some
serious Fibonacci calculations at last week’s prior high.
http://www.futuresmag.com/2013/02/10/stock-markets-bull-trend-keeps-charging-despite-
se?t=financials

3. http://www.futuresmag.com/2013/02/10/stock-markets-bull-trend-keeps-charging-despite-
se?t=financials

4. There’s lots going on here but all you need to pay attention
to is the ABC coming off the November low where A and C
were close to equality. Now that’s gone. Then on the
weekly we had a 161A in roughly the same place with the
first leg up off the 2011 low. That’s just about gone. Unless
they come in and hit it fairly quickly, they’ve opened the
door to the 1564 projection we’ve discussed in this space
and now at 1518 that’s not so far away and absolutely not
far-fetched by any stretch of the imagination. This pattern
still resembles a wedge but wedges can fail. Patterns are
not set in stone.
http://www.futuresmag.com/2013/02/10/stock-markets-bull-trend-keeps-charging-despite-
se?t=financials

5. We can get all different kinds of failure. The amazing
condition is we have a market that just continues to violate
one resistance area after another. It’s almost like the good
old days. However, there is one difference. The good
feeling we had during the Internet and real estate bubbles
are absent here. That means in the long run these markets
can go a lot higher. But that has little to do with what you
may be doing this week or this month. One of the
conditions I’ll really be watching this week is the US Dollar
which accelerated this past week. As you’ll recall last week
we were talking about the action forming a high probability
low.

6. http://www.futuresmag.com/2013/02/10/stock-markets-bull-trend-keeps-charging-despite-
se?t=financials

7. We have projections that take it to about 80.60
which will also be an area where it meets the
descending trend line from a potential triangle.
The real question is whether the Greenback is a
true trading range from last September or whether
it wants to continue going higher. We’ve been in
the triangle scenario camp over the past 6 weeks.
In our work the triangle scenario eventually breaks
to the downside. If that really does materialize it
ought to free up enough fuel to get the SPX to its
target of a retest to the all-time high.
http://www.futuresmag.com/2013/02/10/stock-markets-bull-trend-keeps-charging-despite-

8. The big news over the past week is the GDP where the
annual rate came in at 1.5% and economic historians like
to remind us the economy has not avoided recession with
numbers this low since 1948. There’s good and bad in this.
First of all, anytime sentiment embraces the dark side, it’s
a good thing because the worst case scenario rarely
happens when it’s anticipated. We live by the hypothesis
that economists are wrong most of the time but this time it
was none other than Art Cashin discussing this possibility.
We have a lot of respect for Mr. Cashin who has just about
the most astute mind of anyone on CNBC. It’s a warning
signal, no doubt about it. The last time markets were at
highs like this nobody was talking about the possibility of a
recession so it’s really strange. So by the time the SPX
gets to a top retest we could already be in a recession.
http://www.futuresmag.com/2013/02/10/stock-markets-bull-trend-keeps-charging-despite-